09.13.2023 - 529 Plan
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529 Plan Tax Benefits and New Rules on Roth Conversions
Presented by Larry Pon, CPA,
In this webinar, Larry Pon, CPA explained how 529 college savings plans offer several tax-related benefits, from tax-deferred growth to tax-free withdrawals for qualified expenses to gifting opportunities (including Dynasty 529 plans). Now, with SECURE 2.0, there is an opportunity to rollover unused monies from a 529 plan to a Roth IRA.
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Attendees Comments:
A few comments from listeners:
I had not been following the Secure Act 2.0 so I appreciated the fact that he walked through the various components and not only "explained" them, but also had some case studies to follow.
- Diane E.
I hadn't heard that the $35,000 moving from the 529 to the Roth was subject to the annual Roth contribution limits and the student having that amount in income for that year.
- Kathyn Y.
There was a lot of new info that wasn't known by me. Glad I work with advisors and how you keep us informed.
- Robert P.
I could listen to Larry all day! Larry's webinars alone are reason enough to join Financial Experts Network. He is super knowledgeable.
- Maria R.
I listened mainly for the dynasty 529 material and the rollover to Roth in 2024. I picked up a few things, mainly reminders of things I'd heard before.
- Nola K.
I thought I had a decent handle on 529's but there is so much to know. Great informative webinar!
- Andrew T.
Better understanding of secure Act changes and answered confusion regarding some rules that aren’t yet clear! Will stand bye and hold off until they are !
- Heather C.
I always appreciate Larry's professional approach to having clients consider "the realities" when planning for their futures.
- Barbara B.
I had not been following the Secure Act 2.0 so I appreciated the fact that he walked through the various components and not only "explained" them, but also had some case studies to follow.
- Diane E.
I hadn't heard that the $35,000 moving from the 529 to the Roth was subject to the annual Roth contribution limits and the student having that amount in income for that year.
- Kathyn Y.
There was a lot of new info that wasn't known by me. Glad I work with advisors and how you keep us informed.
- Robert P.
I could listen to Larry all day! Larry's webinars alone are reason enough to join Financial Experts Network. He is super knowledgeable.
- Maria R.
I listened mainly for the dynasty 529 material and the rollover to Roth in 2024. I picked up a few things, mainly reminders of things I'd heard before.
- Nola K.
I thought I had a decent handle on 529's but there is so much to know. Great informative webinar!
- Andrew T.
Better understanding of secure Act changes and answered confusion regarding some rules that aren’t yet clear! Will stand bye and hold off until they are !
- Heather C.
I always appreciate Larry's professional approach to having clients consider "the realities" when planning for their futures.
- Barbara B.
I had not been following the Secure Act 2.0 so I appreciated the fact that he walked through the various components and not only "explained" them, but also had some case studies to follow.
- Diane E.
I hadn't heard that the $35,000 moving from the 529 to the Roth was subject to the annual Roth contribution limits and the student having that amount in income for that year.
- Kathyn Y.
There was a lot of new info that wasn't known by me. Glad I work with advisors and how you keep us informed.
- Robert P.
I could listen to Larry all day! Larry's webinars alone are reason enough to join Financial Experts Network. He is super knowledgeable.
- Maria R.
I listened mainly for the dynasty 529 material and the rollover to Roth in 2024. I picked up a few things, mainly reminders of things I'd heard before.
- Nola K.
I thought I had a decent handle on 529's but there is so much to know. Great informative webinar!
- Andrew T.
Better understanding of secure Act changes and answered confusion regarding some rules that aren’t yet clear! Will stand bye and hold off until they are !
- Heather C.
I always appreciate Larry's professional approach to having clients consider "the realities" when planning for their futures.
- Barbara B.