Congress Just Gave Education Savers a Roth IRA Boondoggle

The end of the year is often a busy time for lawmakers, and that's been especially true in 2022. With the federal government working hard to get its annual appropriations bill finalized, proponents of various pieces of legislation have done their best to get their proposals included in the year-end package.

Those looking for retirement reform got a victory when provisions of proposed legislation collectively known as SECURE 2.0 made it into the final spending bill that the House and Senate have now approved. One of these provisions will give those who save for education through 529 plans the ability to move some unused funds to help their loved ones get an early start on their retirement savings when they're done with college.

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Source Fool.com