529 Plan To Roth Ira 2024. This limit is subject to the annual roth ira contribution limit, which is $7,000 in 2024. Federal law now allows account owners to roll assets from a 529 plan into a roth ira.

As of january 1, 2024, when you discover you have extra money in your child’s 529 plan, there is a fourth option to select from. Federal law now allows account owners to roll assets from a 529 plan into a roth ira.