MoneyWatch with Jill Schlesinger

Should I Start a 529 for a Future Roth?

With the new rules on being able to roll $35k of a 529 into a Roth IRA after its been open at least 15 years, I was wondering if it might be a good strategy to start a 529 for myself to get the state tax benefits with the plan to eventually roll it into a 529?Have a money question? Email us <a href="https://www.jillonmoney.com/contact" rel="noopener noreferrer" target="_blank">here</a>Subscribe to <a href="https://www.jillonmoney.com/pricing-page" rel="noopener noreferrer" target="_blank">Jill on Money LIVE</a>YouTube: <a href="https://www.youtube.com/c/JillSchlesinger" rel="noopener noreferrer" target="_blank">@jillonmoney</a>Instagram: <a href="https://www.instagram.com/jillonmoney" rel="noopener noreferrer" target="_blank">@jillonmoney</a>Twitter: <a href="https://twitter.com/jillonmoney" rel="noopener noreferrer" target="_blank">@jillonmoney</a>See Privacy Policy at <a href="https://art19.com/privacy" rel="noopener noreferrer" target="_blank">https://art19.com/privacy</a> and California Privacy Notice at <a href="https://art19.com/privacy#do-not-sell-my-info" rel="noopener noreferrer" target="_blank">https://art19.com/privacy#do-not-sell-my-info</a>.

Are you ready to take control of your financial life? Jill Schlesinger, CBS News business analyst and Certified Financial Planner, is here to help! On MoneyWatch, Jill will help you conquer the fear and anxiety of financial decisions, as she answers your questions about all things money. Have a question? From retirement, to career changes, to college funding and the right mix of investments to reach those goals, email Jill at <a href="mailto:askjill@jillonmoney.com" rel="noopener noreferrer" target="_blank">askjill@jillonmoney.com</a>. Tune in for new episodes every Tuesday and Thursday mornings.