We have been asked for more information about this valuable feature of 529 college savings plans.

Who is eligible?

1. There are no income limits (unlike normal Roth IRAs).
2. The 529 Beneficiary must own the Roth IRA, and the Rollover amount must be less than or equal to the earned income of the Roth IRA owner.

How much can be rolled over?

1. $ 7,000 annual maximum ($ 8,000 if the Roth owner is over 50 years old).
2. $35000 Lifetime maximum per beneficiary.

When can rollover happen?

1. 5+ years after the 529 accounts opened
2. Earnings and contributions within the last 5 years are excluded.