529s: No Longer the Ho-Hum Investing Device for College
By Cayucos Wealth
Published On May 17, 2024
Get in touch
Prepare for the winds of change.
Let us help you build a strong financial foundation.
Cayucos Wealth is a financial adviser based in the Central Coast of California whose mission is to guide clients in building a strong financial future that withstands the winds of change. For those seeking to navigate the sometimes-choppy waters of the markets, they make it possible for clients to catch the trade winds and live an adventurous retirement.
Cayucos Wealth is an investment adviser located in Cayucos, CA. This website should not be construed as a solicitation to effect, or attempt to effect, transactions in securities or the rendering of personalized investment or tax advice for compensation, over the internet. Advisory services offered through Sowell Management, a Registered Investment Advisor. Additional information about Sowell Management (CRD# 127145/SEC# 801-63991) is available on the SEC’s website at www.adviserinfo.sec.gov or FINRA’s BrokerCheck at https://brokercheck.finra.org/.
Copyright © Cayucos Wealth. All Right Reserved
529 plans have always been a powerful tool for education savings, but recent rule changes have made them even more flexible for families. This article walks through how the SECURE 2.0 Act now allows unused 529 funds to be rolled into a Roth IRA—an option that can ease concerns for parents worried about “over-saving” for education.
It also covers the rules and limitations that come with these transfers, as well as the basics of setting up and managing a 529 plan. For anyone considering starting a plan—or revisiting one they already have—the piece offers helpful guidance on how contributions, investment choices, and beneficiary options work.
If you’re planning for a child’s education and want to understand how these accounts fit into your broader financial picture, this is a great overview. It’s a reminder that with the right structure in place, 529s can support both education goals and long-term financial security.
Read the article.
https://www.kiplinger.com/personal-finance/529s-no-longer-the-ho-hum-investing-device-for-college