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954: How to Transfer Money from a 529 to a Roth IRA (for you OR your child)

Radical Personal Finance

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The Power of 529 Accounts

This is assumed to be a completed gift. However, unlike most other transfers out of a wealthy person's estate, the donor does not give up control of the money. And so that $170,000 has quite a lot of time where it can generate gain and thus the savings on the tax from that gain can be really, really significant.

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