[quote=UCGal]As far as I know you can’t do 529-Roth. For us – future contributions are going to Roth. The salary limitations have gone up and my husband retired so we’re *well* under the limit. (That’s good and bad… I guess.)
The nice thing about Roth is you can withdraw penalty free for qualified education expenses… just like a 529… but it’s not limited to education like a 529 since you can also use it for anything you want once you reach 59.5. So any unused education $ can be used for retirement.[/quote]
Thanks for the info…Yes, I looked into doing a backdoor Roth.. Unfortunately, since I had multiple employers, and since I rolled my old 401k into a Rollover IRA, I won’t be able to do a backdoor IRA, because IRS would include my Rollover IRA into their calculation. I suppose I could rollover everything in my Rollover IRA into my existing employer’s 401k , and that would eliminate that problem. But that’s putting a lot of faith into my company’s 401k…. I don’t like my employer’s 401k as much as I like my Rollover IRA…
