529 Conversion To Roth Ira 2024. As of 2024, it’s possible to roll unused 529 plan funds into a roth ira without penalty. If you have a 529 plan, or are considering opening one, you’ll likely be interested in a rule that went into effect on january 1, 2024, as part of the secure 2.0.

The 529 plan must be open for at least 15. If your income exceeds certain limits, you may not be allowed to contribute directly to a roth ira, but you may be able to convert a traditional.