Secure Act 2.0

529 to Roth IRA Rollover – A New Feature in 2024

Investing in a 529

There were many changes to investing laws in the omnibus spending bill passed on December 29, 2022, that included the Secure Act 2.0.  One of the most significant changes to educational investment accounts was passed for 529 accounts. Starting in 2024, account holders who have had a 529 with leftover or unused funds can roll over funds from their 529 to a Roth IRA.

How the Secure 2.0 Act can affect your Roth contributions

The SECURE ACT 2.0 and the ROTH IRA 

As I write this article, one quote from my kid’s favorite Christmas movie comes to mind, “keep the change you filthy animal.” The Secure Act 2.0 is being met with mixed feelings. It is viewed by some as an unexpected lump of coal, and to others as a special Christmas gift. The second edition of the Secure Act is a $1.7 trillion omnibus spending bill - 4,100 pages detailing dubious plans for spending that just don’t make sense to many ordinary voters.