The IRS announced that the amendment deadline for most qualified retirement plans, including 401(k) plans, for several recent pieces of federal legislation generally has been extended.
CHARLESTON, WV (WVNS) — WV State Treasurer Riley Moore announced a significant development for West Virginia residents looking to enhance their retirement savings. Effective January 1, 2024, the SECURE 2.0 Act of 2022, now permits beneficiaries to roll over certain unused funds from SMART529 accounts into Roth IRAs. The SECURE Act, or “Setting Every Community […]
Recent changes in federal law now allow West Virginia beneficiaries to roll over certain unused SMART529 educational savings funds into a Roth IRA to help boost their retirement.