Unused 529 Funds
What If Your Child Never Uses Their 529?
One of the most common reasons parents hesitate to fund a 529 plan comes down to a single fear: what if the money never gets used?
Maybe a scholarship covers tuition. Maybe college is not the path their child chooses. Whatever the reason, that uncertainty stops a lot of families from saving as much as they otherwise would.
The encouraging news is that 529 plans carry more flexibility than most people realize. Under current rules, a portion of unused 529 funds may, under certain conditions, be moved into a Roth IRA for the beneficiary, a meaningful shift from how these accounts used to work.
There are limits and requirements attached, so it is worth understanding the details rather than assuming the money is locked in one direction.
If you have a 529 plan, or you are weighing whether to open one, let's go through your options together, reach out through InterlockFinancial.com.
Unused 529 Funds
