This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the Series 6 Exam.
In this episode you will learn:
- The tax advantages of 529 plans, including tax-deferred growth and tax-free withdrawals for qualified expenses.
- Contribution rules and the special five-year front-loading provision for gift tax purposes.
- What constitutes a qualified education expense, including tuition, fees, books, and room and board.
- The tax implications and penalties associated with non-qualified withdrawals.
- Recent changes allowing for tax-free rollovers from a 529 plan to a Roth IRA under the SECURE 2.0 Act.
For more resources visit https://open-exam-prep.com/ and connect on LinkedIn at https://linkedin.com/in/chenran818
![[Series 6] 24, 529 Education Savings Plans](https://artwork.captivate.fm/abe4183a-4dfa-4a03-97da-92d15c5d473d/_bZUi6Yzjq6h3zQu_ZsaQB5Y.jpeg)