New Bridge Wealth Management

How To Roll 529 Plan Assets Into A Roth IRA Account

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My 15-year old son told me he knew how to drive. “It’s not hard, Dad; I play Mario Kart all the time.” Fast forward and I have him behind the wheel in an empty parking lot sweating bullets.

“It’s fine,” I encourage him, “Just put it in gear. You said you knew how to drive.” Queue the five mph crawl across the parking lot and abrupt slamming of the brakes at the end.

Knowing that you can do something is a lot different than actually doing the thing. As a result of the SECURE 2.0 Act of 2022, 529 account owners know it’s possible to fund a Roth IRA account with 529 assets, but not necessarily how to do so.  READ MORE >

By: Brian Boswell Forbes Personal Finance Contributor / Brian Boswell, CFP® is a financial planner and college savings expert.
March 4, 2024

Design Phase

Conversation: We meet with you to discuss your financial situation, your concerns, and your goals for the short and long term.

Data gathering: Working together, we gather all the documents and other information needed to create your financial blueprint, which we prepare for your approval.

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Construction Phase

Setting the foundation: After you approve the blueprint, we work on your financial plan, a comprehensive document addressing needs such as cash flow, retirement, estate planning, income replacement, education funding, insurance, major purchases, and asset allocations.

Recommendations and final walk-through: We meet to review the solutions outlined in your financial plan. Once we agree, we move on to the production phase.

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Production Phase

Implementation: We take the preliminary steps, such as transferring your accounts and restructuring your portfolios, as we begin implementing the recommendations in your plan.

Ongoing inspection: We meet on a regular schedule to review your plan and update it as necessary to address changes in your life.

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