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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 Benefits of a Roth IRA

For 2023, we can contribute up to $6,500 per year. This has obvious benefits because if we could get these accounts started for people at a very young age,. that little bit of money can grow for a very long period of time. As long as the money is taken out after retirement age, then we now have the ability to completely eliminate the tax.

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