PFP2418. Advanced 529 Planning: 529-to-Roth, Dynasty 529, And Other HNW Opportunities

Over the past few decades, higher education costs have increased at a pace far exceeding inflation. In an effort to help save for such costs, many families have turned to 529 plans. While the basic mechanics of such plans are well understood by most advisors, 529 planning can become surprisingly complex, especially when planning for multiple (generations of) potential students, or when 529 plan funds are used for purposes other than higher education. Join Lead Financial Planning Nerd Jeff Levine to explore many of these complexities and take a deep dive into some of the more challenging aspects of 529 planning. In this session, attendees will learn: * An overview of key 529 plan rules * Tax consequences of changing 529 plan owners and/or beneficiaries * The impact of ownership decisions on student aid * Trust-owned 529 plans considerations and the “Dynasty 529 Plan” * State tax complications created by recent changes to the Federal tax rules * SECURE 2.0’s 529-to-Roth IRA transfers and the “Sweet 16 Roth IRA”.

Learning Objectives:

• Identify the basic 529 plan rules that apply for Federal income tax purposes.
• Compare state rules regarding 529 plans.
• Identify planning opportunities and challenges when changing 529 plan beneficiaries.
• Select the appropriate 529 plan for clients.
• Analyze advanced 529 plan planning opportunities.