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)

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)