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Can someone explain 529 to Roth IRA conversion?
Can someone explain 529 to Roth IRA conversion? My 529 plan allows funds for the beneficiary to be rolled over into a Roth IRA. Question: does this mean that if my kid gets enough funds for college that they don’t need it all, I can fund their retirement? Isn’t that strange for a 21-24 year old to have a retirement fund? Am I misunderstanding what a Roth IRA is? Here are some details; “The R...
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