Part of the SECURE 2.0 Act, passed by Congress at the end of 2022. Legislative changes may put some of these concerns to rest, as distributions from 529 accounts can now be used to give the same beneficiaries a retirement boost as well. Under certain conditions, you can roll over tax- and penalty-free up to a lifetime limit of $35,000 in a 529 to a Roth IRA opened by the 529 beneficiary.1 The 529 plan must have been maintained for the beneficiary for at least 15 years, subject to annual Roth IRA contribution limits.
