A Safer Retirement and Environment – What We’re Implementing to Help Keep You Safe: READ MORE

Here at Chadmere Capital Inurance and Financial Services, we are adhering to state and local guidelines in order to protect both the health and safety of clients and staff. Keeping our clients and staff safe is our highest priority and we’re taking all appropriate measures to ensure a safe environment. Should you prefer to not meet face-to-face, we are continuing to serve our clients through virtual settings such as Zoom or phone calls.

We look forward to continuing to help individuals and families achieve their ideal retirements.

Chademere Capital Insurance and Financial Services
(803) 242-1050



By Andy Ives, CFP®, AIF®
IRA Analyst
Follow Us on X: 


I have been funding a 529 account for over 15 years and no longer need to add deposits.

Could I change the beneficiary to myself and then convert to a Roth IRA, assuming I have met the 5-year deposit hurdle as well? Has the government ruled on when the clock starts for the 15 years? Meaning, is it from when you open the account or does it restart when you change the beneficiary?



This question is timely as I wrote an article about this topic just yesterday for the Slott Report. The link is here: https://www.irahelp.com/slottreport/529-roth-now-available-questions-persist

529 dollars can be rolled to a Roth IRA for the 529 beneficiary, but only after the 529 account has been open for at least 15 years. Yes, you can change the beneficiary of the 529 to yourself, but we still do not know if that will result in a reset of the 15-year clock. As such, it might be best to delay any beneficiary changes until we have definitive guidance from the IRS.


Once the beneficiary of an inherited IRA has reached 70 ½, is the beneficiary eligible to make qualified charitable distributions (QCDs) annually?




Yes, QCDs can be done from an inherited IRA once the inherited IRA beneficiary is age 70 ½ or older. All the normal QCD rules apply – like the fact a person must actually be 70 ½ to do the QCD. It is not good enough to be turning 70 ½ later in the year. Also, it does not matter how old the original IRA owner was when they passed away. That has no bearing on QCD eligibility from the inherited IRA. (Note that the QCD limit is indexed for inflation and has been adjusted to $105,000 for 2024.)


Ready To Take



For more information about any of our products and services, schedule a meeting today.

Or give us a call at (803) 242-1050

Investment advisory services offered through Foundations Investment Advisors, LLC (“Foundations”), an SEC registered investment adviser. Nothing on this website constitutes investment, legal or tax advice, nor that any performance data or any recommendation that any particular security, portfolio of securities, transaction, investment or planning strategy is suitable for any specific person. Personal investment advice can only be rendered after the engagement of Foundations, execution of required documentation, and receipt of required disclosures. Investments in securities involve the risk of loss. Any past performance is no guarantee of future results. Advisory services are only offered to clients or prospective clients where Foundations and its advisors are properly licensed or exempted. For more information, please go to https://adviserinfo.sec.gov and search by our firm name or by our CRD #175083.

 ADV Part 2A & Form CRS              Privacy Policy