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Christopher R. Hibbard, ChFC®, CRPC®, CFS®

Vice President, Wealth Management

 

Teachers Investment Services

Located at Teachers Federal Credit Union

5439 Sunrise Highway

Holbrook, NY 11741

 

Phone:  631-698-7000 Ext. 6020

 

Email: christopher.hibbard@lpl.com

 

CRPC conferred by College for Financial Planning.

May/June 2026

Start Your College Grad's Financial Wellness Path

A young Asian woman with glasses, smiling while managing bills and finances using a smartphone and laptop in a well-lit, cozy living room.

You may be able to do this utilizing any unused funds in the student's 529 Plan. The IRS now allows rollovers of these funds to a Roth IRA in the child's name.


Requirements
You must have owned the 529 account for at least 15 years before rollovers are permitted. Contributions made in the five years prior to when distributions begin — including the related earnings — are not eligible for a tax-free rollover. Rollovers can't exceed the 2026 annual Roth contribution limit of $7,500 for beneficiaries under age 50 or $8,600 for those age 50 and older (which includes a $1,100 catch-up contribution).


The lifetime 529 rollover limit is $35,000, so you'd have to do a rollover annually for several years. As the owner of the Roth IRA, your graduate must have earned income at least equal to the amount of the annual rollover.


Consult your trusted advisors about your situation.

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Christopher Hibbard is a financial advisor with, and securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Teachers Federal Credit Union (TFCU) and Teachers Investment Services are not registered as a broker/dealer or investment advisor. Registered representatives of LPL offer products and services using Teachers Investment Services, and may also be employees of TFCU. These products and services are being offered through LPL or its affiliates, which are separate entities from and not affiliates of, TFCU or Teachers Investment Services. Securities and insurance offered through LPL or its affiliates are:

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