Ideal-Idaho College Savings Program
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The IDeal-Idaho College Savings Program, managed by Ascensus and overseen by the State College Savings Program Board, offers a variety of investment options designed to help families save for higher education expenses. With features such as tax benefits and flexible contributions, IDeal aims to make education savings accessible and beneficial for Idaho residents.
Starting January 1, 2024, IDeal will allow rollovers from a 529 plan account to a Roth IRA without incurring federal or state taxes or penalties, provided certain conditions are met. The program emphasizes the importance of planning for education savings and provides resources to assist families in their financial journeys.
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