hard · Certified Financial Planner Risk Management
The Priest family has a 529 account that has been open for 16 years. They want to roll over the remaining balance to a Roth IRA for their son in 2026. The son has not made any other IRA contributions this year and has earned income of $15,000.
What is the maximum amount they can roll over from the 529 to the Roth IRA this year?
- $0, because contributions made within the last 15 years are ineligible.
- $35,000
- $7,500
- $6,500
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