Converting 529 To Roth Ira In 2024 India. The secure 2.0 act, passed in 2022, offers a solution by allowing the rollover of excess funds from a 529 plan to a roth ira for the beneficiary child. Recent legislative tied to the secure act 2.0 (passed by congress at the end of 2022) now offer an opportunity to convert or roll over assets in a 529 plan into a.

When the law goes into effect in january 2024, up to a lifetime maximum of $35,000 can be transferred to a roth individual retirement account (roth ira) in the. The secure 2.0 act, passed in 2022, offers a solution by allowing the rollover of excess funds from a 529 plan to a roth ira for the beneficiary child.