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Kiplinger
Kiplinger
Business
Maurie Backman

I Have a Sizable Roth IRA. Do I Still Need a 529 for My Grandkids' College?

IRA Julian B Morris Financial Aid
A cute little girl smiles happily in red cap and gown while standing on a field.

Wealth Wise is Kiplinger's advice column on navigating retirement-related dilemmas. Got a question? See below for how to send it to us.

Dear Wealth Wise: If I have a fully funded Roth account, is there any advantage to adding a college 529 plan for my grandkids' college? I believe paying for college from a Roth account is just as good or better than paying for college from a 529 plan. A 529 plan is essentially the same as a Roth, but with different rules for how the tax-free money can be used. Is this correct? — Confused Grandparent

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