A bipartisan Senate bill (S. 5550) would eliminate the $35,000 lifetime cap on 529-to-Roth IRA rollovers. The $7,500 yearly limit and 15-year rule would stay.
#529Plan #RothIRA #PersonalFinance
@thecollegeinvestor.com
@thecollegeinvestor.comA bipartisan Senate bill (S. 5550) would eliminate the $35,000 lifetime cap on 529-to-Roth IRA rollovers. The $7,500 yearly limit and 15-year rule would stay.
#529Plan #RothIRA #PersonalFinance
@foxholm.bsky.socialThe federal student aid form opens October 1, and it reads income from a tax year that closed nearly two years earlier. The lag is what makes it a planning date.
https://foxholm.com/guides/georgia-planning/georgia-529-plan-guide/
#CollegePlanning #529Plan
@pathviewwealth.bsky.socialGrandparent-owned 529 plans can support education while preserving owner control. Current FAFSA methodology does not report distributions as student income, though other aid rules may differ. The link to the blog can be found in the comments. #529Plan #CollegePlanning #SanDiego #California
@pathviewwealth.bsky.socialRecent FAFSA updates open new opportunities for grandparent-owned 529 plans to support education and align with estate and tax goals. Link in comments. #529Plan #EducationPlanning #FinancialPlanning #EstatePlanning #TaxPlanning #FamilyLegacy #SanDiego #California
@thecollegeinvestor.comAverage 529 account: $35,956. A full in-state ride starting in 2044 costs ~$245,000. $96/mo from birth reaches $37,328 (40% of tuition); $630/mo covers the full ride: #529plan #CollegeSavings