529 to Roth IRA Rollover: A New Retirement Savings Strategy

529 to roth ira

529 plans are tax-advantaged savings accounts designed to help families save for higher education expenses. These accounts have traditionally been limited to covering qualified education costs, such as tuition, fees, and books. However, this narrow scope has sometimes left account holders with unused funds if education expenses were lower than expected or if the beneficiary … Read more

Understanding the California 529 Plan: Tax Rules and Benefits

California 529 Plan

The 529 plan is a widely used savings tool for families planning to cover educational expenses. It offers significant federal tax advantages, making it a popular choice. However, each state applies its own rules, and the California 529 Plan has unique provisions that stand out. California does not provide a tax deduction for contributions to … Read more