Yes, it can be highly beneficial. Because 529 plan assets grow tax-deferred and Roth IRAs offer tax-free growth and withdrawals, this strategy preserves the tax advantages of your wealth. Even though it takes several years to move the maximum $35,000 because of annual contribution limits, the long-term compounded growth inside a Roth IRA can create a significant financial asset for your beneficiary’s future.
We exist so you don’t have to worry about money. For more than 40 years, we’ve taken the sophisticated, time-tested approach that many ultra-high net worth individuals use to help manage their financial lives and made it accessible to more families.
