Historically, the limitations on 529s had many families hesitant to overfund. But in 2024, unused education savings can be transferred to a beneficiary’s retirement account without taxes or penalties. Should that change your strategy of saving in a 529 versus an after-tax environment?
What about saving in a traditional IRA versus a Roth IRA? Both allow earnings to grow, saving you plenty of dollars in the long run; but is one better than the other? The guys are here to clear up the misconceptions with two side-by-side examples leveraging 529 Plans and Roth IRAs.
ADDITIONAL RESOURCES
- CWA Annual Meeting: Register in the month of October using promo code WEALTH and receive $100 off registration price.
- Saving for College with a UGMA Account Versus a 529 Plan
Have questions or ideas for Hunter and Judson? Reach out at cainwatters.com/wealth. Don’t miss an episode, subscribe and leave the guys a review on Apple Podcast, Spotify, or wherever you listen.
