529 Plan To Roth Ira 2024 Pdf Download. Starting in 2024, savers can roll unused money from 529 plans over to roth individual retirement accounts free of income tax or tax penalties. The funds from the 529 plan must be moved directly to a roth ira of the 529 plan beneficiary.

For 2024, the annual ira contribution limit is $7,000, with an extra $1,000 for investors age 50 and older. Starting in 2024 — thanks to “ secure 2.0,” a slew of measures affecting retirement savers — families can roll unused money from 529 plans over to roth.