It's a Big Deal!
Starting in 2024, Americans can roll over unused 529 funds into a beneficiary’s Roth IRA with no penalty.
As with other investments, there are generally fees and expenses associated with participation in a 529 plan. There is also a risk that these plans may lose money or not perform well enough to cover education costs as anticipated. Most states offer their own 529 programs, which may provide advantages and benefits exclusively for their residents. The tax implications can vary significantly from state to state.
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