SECURE 2.0 UPDATE: Rolling unused 529 funds into a Roth IRA for the beneficiary has 2 limitations: (a) the account must be at least 15 years old, and (b) the maximum that can be rolled over is $35,000
I didnt know you could convert the balance of a QTIP to a Roth IRA. I really love these pockets of info you through into the mix! Another video well worth the wait
Being able to convert a 529 account into a Roth IRA is new for this year so it's not widely disseminated. Thanks as always for your support of the channel.
SECURE 2.0 UPDATE: Rolling unused 529 funds into a Roth IRA for the beneficiary has 2 limitations: (a) the account must be at least 15 years old, and (b) the maximum that can be rolled over is $35,000
I didnt know you could convert the balance of a QTIP to a Roth IRA. I really love these pockets of info you through into the mix! Another video well worth the wait
Being able to convert a 529 account into a Roth IRA is new for this year so it's not widely disseminated. Thanks as always for your support of the channel.
Hooray for Secure Act and The Tax Geek! Best tax videos on earth!
*blush*
Hey awesome! Will give you more suggestions 😉😉. Estrella-
Thanks!
❤
Hi me again😂. Video on backdoor IRA. Estrella -
I presume you mean a "backdoor Roth." I've added it to the list!
@@TheTaxGeek Yes....