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Top 10: Little-Known Facts About 529 College Savings Accounts 

Michael Ruger - Greenbush Financial Group
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While 529 college savings accounts seem relatively straightforward, there are a number of little-known facts about these accounts that can be used for advanced wealth planning, tax strategy, and avoiding common pitfalls when taking distributions from these college savings accounts.
Video: 529 Backdoor Roth Strategy • 529 to Roth IRA Transf...
Contact Michael Ruger with Questions: 518-477-6686 or mruger@greenbushfinancial.com
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6 авг 2024

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Комментарии : 1   
@TheK9Shepherd
@TheK9Shepherd 5 месяцев назад
I heard a new term with regards to 529. "Claw back"? Something to do with getting that state deduction for contributing to your 529? So that brings up a question. If you contribute $20k over the life of the 529 and you got that state tax deduction for doing so. If you have leftover monies in the 529 where you don't roll it into a roth and decide to pull that 20k of your contribution out, could the state decide to try to get some of the money you were able to deduct from state taxes back? Does that make sense?
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