Question. In the Putnam.com link you posted. It mention about "The 529 beneficiary who is receiving the transferred funds in a Roth IRA is subject to the same earned income requirement that applies to all IRA contributions". Is that true? Because, It doesn't mention on the other CNN link.
If it is corrected, since this Act is starting 2024, then the beneficiary must have at least $7000 earned income in 2024 to take the benefit of transfer? Or, does it count for 2023 earned income?
