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Can i transfer funds from an existing 529 college savings plan into a gold ira retirement account?

Posted on April 24, 2023 by Cris Gibson

Conversions can only be made to a beneficiary’s Roth IRA. A parent who saves in a child’s name with a 529 plan cannot repay unused funds to their own retirement account. Rollovers are only allowed once a 529 account has been opened for at least 15 years. Any amount of money transferred from a 529 plan to a Roth IRA account is subject to the annual

Roth IRA contribution limits.

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