"....Finally, the 529 needs to have been open for at least 15 years, and the funds to be moved need to have been in the 529 for at least five years." Please verify if the clock starts to kick in from the 529 acct opening or Beneficiary change?
My 529 acct opened 25 years ago for my daughter and still has leftover. I changed beneficiaries to grandchildren recently. can I distribute 529 into grandchildren's Roth next year, or I have to wait for another 15 years starting from the moment of beneficiary change?
thanks
Comments
"....Finally, the 529 needs to have been open for at least 15 years, and the funds to be moved need to have been in the 529 for at least five years." Please verify if the clock starts to kick in from the 529 acct opening or Beneficiary change? My 529 acct opened 25 years ago for my daughter and still has leftover. I changed beneficiaries to grandchildren recently. can I distribute 529 into grandchildren's Roth next year, or I have to wait for another 15 years starting from the moment of beneficiary change? thanks
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Link to comment from February 15, 2023