Do you have money stuck in a 529 plan?

Beginning in 2024, beneficiaries of 529 education-savings accounts may transfer funds into their Roth IRA without taxes or penalties. In order to be eligible, the 529 must have been open for a minimum of 15 years and the owner of the Roth IRA must be the beneficiary of the 529 plan. The rollover limit is $35,000 lifetime and limited to the annual Roth contribution limits which are currently $6,500 or $7,500 per year. If you have a large balance, this will take a few years to execute.