09.13.2023 - 529 Plan
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.