529 Conversion To Roth Ira 2024 Deadline
529 Conversion To Roth Ira 2024 Deadline. The secure 2.0 act, which became law in december 2022, makes it potentially more attractive to make a 529 to roth ira conversion starting in 2024. Beginning this year, the secure act 2.0 allows owners of 529 plans to convert unused 529 funds to the beneficiary’s roth ira.
It originally appeared that this new rule was to be effective for 2024. We walk through the process step by step.