If you have any excess 529 funds and your child/niece/nephew/grandchild has completed their undergraduate degree...then you my friend have earned my respect and I most certainly hope you subscribe to the channel. Congratulations on your amazing accomplishment.

That said, in this video I discuss many of the rules regarding your ability to convert some or all of your 529 account funds into a Roth IRA that is owned by the beneficiary...more details with my insights within the video.

Journal of Accountancy: https://www.journalofaccountancy.com/...

IRS Tax Benefits for Education: https://www.irs.gov/pub/irspdf/p970.pdf

Hope you found a nugget or two in this one. Cheers!
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➡ Share this video with a friend:    • Excess 529 to Roth IRA Transfer 2024  
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SCHEDULE A FINANCIAL COACHING CALL WITH ME!
https://bit.ly/KSchollCoaching
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MY WEBSITE
‍ https://www.kscholl.com
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Timestamps / Chapters
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Music: Epidemic Sound I Wanna Go Down (Instrumental Version)
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ABOUT ME
I've been involved in people's financial decisions for 15+ years (7 yrs Real Estate experience & 8+ yrs as a former Financial Advisor)...I now bring the financial successes, mistakes, failures, and best financial habits/tips to you through these videos.

My mission is to bring Financial Awareness to the forefront of your daily decisions so you can: improve your quality of life, increase your net worth, and grow upon your financial literacy. My videos are a reflection of my realworld experience as a real estate investor, stock market investor, student of finance, entrepreneur, and of course...my experience as a Former Financial Advisor.

This channel allows me to share my passion for personal finance, stock market investing, real estate investing, and entrepreneurship. I produce content that I would want to watch, and because of that, I give 100% effort in every video that I make. I also believe in complete transparency and open communication with my audience.

Subscribe if you are interested in:
#FinancialPlanning
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DISCLAIMER: I am not a financial adviser or a certified public accountant. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.