529 Roth rollover lifetime limit
SECURE Act 2.0 allows up to $35,000 in unused 529 funds to roll into a Roth IRA — a retirement gift for kids who don't use their college savings.
Where this was said
George's Explainer — Trump Accounts, 529s, and Investing for Kids
At 41:15 · chapter starts 33:20
George takes an extended solo teaching segment to demystify the Trump account, which launched July 4th and generated listener confusion. He clarifies it's simply a traditional IRA for children under 18, with a $1,000 government seed for U.S.-born citizens between 2025 and 2028. The real alpha: let it grow to ~$9,900 by age 23, then pay 12% in taxes ($1,200) to convert to Roth. From 23 to 65 at 10%, that becomes $650,000 — entirely tax-free. Add $100/month and you're into the millions. He then positions 529s as the winner for college savings (no income limits, tax-free growth and withdrawal, beneficiary-transferable), parent-controlled taxable brokerage accounts as the best vehicle for cars/weddings/home down payments, and ESAs for K-12 expenses. He plugs the Investing Essentials virtual event (Sept 1-2, $199) for deeper wealth planning content. [1] — George Kamel "The Trump account is really just a traditional IRA for kids under 18. The real play: let the $1,000 government seed grow, then convert it t…" 32:10 [2] — George Kamel "529 plans win for college savings — after-tax money grows and withdraws tax-free. The Trump account wins only for seeding retirement. For e…" 37:00
$1K seed grows to $650K by 65
The Trump account's $1,000 government seed, converted to Roth at 23, grows to ~$650,000 by 65 — a massive compounding gain off a free government deposit.
529 vs Trump Account — Which Wins for Your Kids?
529 plans win for college savings — after-tax money grows and withdraws tax-free. The Trump account wins only for seeding retirement. For everything in between — cars, weddings, home down payments — a parent-controlled taxable brokerage beats UTMA/UGMA accounts that hand over control at 18 or 21.
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