Unlock The Power Of 529s: Is Converting To A Roth Ira The Right Move?

Join Joe Brown from Junior Officer Money as he navigates the world of 529 college savings plans for military officers. In this video, Joe discusses how to choose the best 529 plan when state tax deductions are not a factor. He explains the basics of 529 plans, highlighting their flexibility and investment options. Joe then compares four top plans alphabetically: Alaska, New Hampshire, New Mexico, and Utah, shedding light on their features, fees, and investment choices. Additionally, he shares a valuable tip for maximizing state tax deductions for current college expenses using a 529 plan. Lastly, Joe explains the potential benefits and rules of converting 529 funds to a Roth IRA under the Secure 2.0 Act, offering insights for different scenarios and beneficiaries. Don't miss this informative guide to making the most of your 529 plan! 📚💰 

Add a Comment

Your email address will not be published.