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Smart Savers Academy

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Moving 529 Funds to a Roth IRA


As part of the Federal Secure Act 2.0, families may now roll over unused funds from 529 accounts into a Roth individual retirement accounts (IRA) owned by the 529 account beneficiary (student), subject to certain requirements.

This update makes 529 accounts more flexible for savers by providing an additional way to withdraw 529 funds without incurring taxes or penalties.

Watch this recording to hear the rules for determining eligibility and the steps to follow when transferring leftover funds in a Virginia529 account to a Roth IRA.

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