Childless Americans Now Eligible for 529 College Savings Accounts

Following a 2022 congressional update to tax code regulations, childless individuals can now contribute to 529 college savings plans after maxing out other retirement accounts, expanding the investment vehicle's demographic reach.

28 Aug, 19:58 — 28 Aug, 19:58

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bloombergHigh3d ago

People Without Kids Now Utilize 529 Accounts

Bloomberg's Sarah Foster joins Scarlet Fu on "Bloomberg Money." In 2022 Congress tweaked the rules covering 529 plans. Now, people without kids are now able to pour money into those accounts after hitting the annual limits for contributing to their retirement plans — treating the 529 as a backdoor for funding a Roth IRA. (Source: Bloomberg)

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Childless Americans Now Eligible for 529 College Savings Accounts

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People Without Kids Now Utilize 529 Accounts

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