Roth questions

 

"Is It Better To Withdraw from a Roth IRA or a Brokerage Account?

Generally. the first places you should withdraw from are your taxable brokerage accounts—the least tax-efficient accounts because they are subject to capital gains and dividend taxes. By tapping into these first among your accounts meant for retirement savings, you give your tax-advantaged accounts like a Roth IRA more time to grow and compound"

brokerage account vs roth ira

" if the child earns a tax-free scholarship, parents can take an equivalent amount out of the 529 plan without the 10% penalty (though the earnings portion of the distributions will be taxable)."

529 to roth ira rollovers

"Experts are unsure whether changing the account beneficiary requires a new 15-year waiting period. Also unknown until the IRS issues rules is whether withdrawals of earnings from 529 plans transferred to a Roth account will be subject to the rule that requires earnings to remain in the Roth account for at least five years.

However, the rollover contributions aren’t subject to the Roth IRA income limits of $153,000 for single filers and $228,000 for joint filers this year. Families who’ve contributed to 529 pre-paid tuition plans – where they purchase tuition credits at the current rates – haven’t had to deal with the issue, since those plans refund only the contributions, which are made with after-tax money."

secure act 529