- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: New 2024 Law | 529 rollover to Roth IRA
Posted on 12/26/22 at 8:20 am to I Love Bama
Posted on 12/26/22 at 8:20 am to I Love Bama
Sounds like they purposefully made it complicated. How exactly do you compute the earning on contributions made in the last 5 years vs. money made prior?
This post was edited on 12/26/22 at 8:22 am
Posted on 12/26/22 at 5:59 pm to I Love Bama
quote:
It's YOUR money. Why should you not be able to do this?
I guess you can, but with stiff penalties and taxes if not done according to the withdrawal rules.
That's my point... 529 and Roth are both tax advantaged accounts, but both take in post-tax money and allow for untaxed growth. So in that sense it makes sense to be able to rollover unused funds from a 529 to a similarly structured roth.
Posted on 12/26/22 at 9:51 pm to TDTOM
quote:
How exactly do you compute the earning on contributions made in the last 5 years vs. money made prior?
I'm thinking there must be a graph that can show this specifically
Popular
Back to top
Follow TigerDroppings for LSU Football News