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A 529 to Roth IRA rollover allows the owner of a 529 plan to move unused funds into a Roth IRA for the 529 plan’s beneficiary. This rollover is tax- and penalty-free, and can help the beneficiary start saving for retirement early. Eligibility requirements 

  • The 529 account must have been open for at least 15 years
  • The beneficiary of the 529 account must be the same person as the owner of the Roth IRA
  • The rollover amount must have been in the 529 account for at least 5 years

Rollover limits

  • The total amount that can be rolled over to a Roth IRA is $35,000 per beneficiary 
  • The amount that can be rolled over each year is limited to the Roth IRA’s annual contribution limit 

Rollover process 

  • Open a Roth IRA for the beneficiary
  • Complete a rollover form from the 529 plan provider
  • The 529 plan provider will process the rollover directly to the Roth IRA

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Chris Whalen, CPA
(732) 673-0510
81 Oak Hill Road
Red Bank, NJ 07701
www.chriswhalencpa.com

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