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re: New 2024 Law | 529 rollover to Roth IRA
Posted on 12/24/22 at 9:07 pm to wileyjones
Posted on 12/24/22 at 9:07 pm to wileyjones
quote:
thanks daddy government for allowing me the privilege of moving my own fricking money around
I generally appreciate the sentiment, but I also appreciate the differences in accounts.
That's like saying you should be able to move money freely between your 401k and your savings account.
The Roth IRA and 529 plans are similar enough that this makes good sense...you almost wonder why they haven't done this before?
My kid got a scholarship so he's going to have a lot left over in his 529...I'm glad he'll be able to convert it to Roth IRA.
1
Posted on 12/25/22 at 6:49 am to Grievous Angel
quote:
That's like saying you should be able to move money freely between your 401k and your savings account.
It's YOUR money. Why should you not be able to do this?
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