What Your Advisor Should Tell You About 529 to Roth IRA Rollovers

Starting in 2024, a little-known provision in SECURE 2.0 allows families to roll unused 529 college savings plan funds into a Roth IRA for the beneficiary, up to $35,000 over a lifetime. In this episode, Lucas and Luna break down exactly how the rollover works, who it's best for, and the traps that can trip you up. They walk through a concrete example: a family with a 529 account that has $40,000 left after their child graduates with a scholarship. Can they roll all of it? What about the 15-year account age requirement? And what happens if the beneficiary already has earned income? This is the kind of planning detail that separates a good advisor from a great one—and it's a strategy every family with leftover 529 money should know about. #529Plan #RothIRA #SECURE2_0 #CollegeSavings #RetirementPlanning #TaxStrategy #AdvisorTips #RolloverRules #EarnedIncome #Scholarship #Beneficiary #CustodialAccount #Fiduciary #FinancialPlanning #WealthManagement #Finance #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo