In this week’s recap: Labor market strong, Fed cautious on cuts
The Weekly Economic Update
In this week’s recap: Corporate earnings versus geopolitics and inflation
What to Know: New 529 to Roth IRA Transfer in 2024
The good news is there is a logistical workaround worth considering. Rather than changing the beneficiary of an account, simply request a rollover of funds to the other child’s existing 529 account. This leaves the original account (and its 15-year lifespan) intact and allows for future transfers between siblings if warranted. Keep in mind you can only do this once every 12 months.