Starting March 2025 military service members can open Health Care Flexible Spending Accounts (HCFSA) and set aside between $100 - $3,200 per household in pre-tax earnings each year to pay for health care expenses such as co-pays, cost-shares, deductibles, glasses, braces, and more. Would you be able to include this in one of your future videos. I couldn’t find much other than the announcement.
We are going to open a 529 plan for our 2 year old daughter and our newborn son. As long as we keep contributing money into the 529 account for them, at 15 we can rollover $35k to their roth ira account correct?
does your child need to be finished with college before you can transfer from the 529 to a roth? i am putting in money to my son's roth up to whatever he earned for the year. i do not have a tab in my son's 529 regarding roth withdrawals. my son will definitely have a lot of money left over from his 529.
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Starting March 2025 military service members can open Health Care Flexible Spending Accounts (HCFSA) and set aside between $100 - $3,200 per household in pre-tax earnings each year to pay for health care expenses such as co-pays, cost-shares, deductibles, glasses, braces, and more.
Would you be able to include this in one of your future videos. I couldn’t find much other than the announcement.
We are going to open a 529 plan for our 2 year old daughter and our newborn son. As long as we keep contributing money into the 529 account for them, at 15 we can rollover $35k to their roth ira account correct?
@Firepsychat can you please clarify in this?
does your child need to be finished with college before you can transfer from the 529 to a roth? i am putting in money to my son's roth up to whatever he earned for the year. i do not have a tab in my son's 529 regarding roth withdrawals. my son will definitely have a lot of money left over from his 529.
Nope college doesn’t matter. Earned income and other rules I listed are what matter