Lets people move more unused college savings into retirement accounts.
A bill called the '529 Retirement Enhancement Act of 2026' would make it easier for people to move money from their 529 education savings plans into a Roth IRA. Currently, there's a total limit on how much you can move over your lifetime, but this bill would get rid of that total limit. This would give families more flexibility with leftover college funds, allowing them to save more for retirement.
Today, there is a total limit on how much money you can move from a 529 education savings plan into a Roth IRA over your lifetime. There is also a yearly limit. If this bill becomes law, the total lifetime limit would be removed, but the yearly limit on these transfers would still apply. This means people could transfer more unused education funds to retirement savings over time.
S 5550 · 119th Congress · AI Summary by gemini-2.5-flash · 9/10
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1 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.