IRA participants use this form to move 529 plan assets into their Sit Mutual Funds Roth IRA.
Annual rollovers are subject to the applicable annual Roth IRA contribution limit.
The rollover will be reported as a Current Year Roth IRA Contribution, unless specifically designated as a Prior Year Roth IRA Contribution.
The 529 Plan beneficiary must be the same person as the Roth IRA owner.
The 529 Plan must have been established for at least 15 years prior to the rollover.
Any 529 Plan contributions made within the last 5 years (and their applicable earnings) are ineligible to be rolled over.
There is a lifetime 529 rollover maximum amount of $35,000.
Carefully consider the Fund’s investment objectives, risks, charges and expenses before investing. The prospectus contains this and other important Fund information and may be obtained by calling Sit Mutual Funds at 1-800-332-5580 or by downloading them from the Documents page. Read the prospectus carefully before investing. Investment return and principal value of an investment will fluctuate so that an investor’s shares when redeemed may be worth more or less than their original cost.
The content herein is for informational purposes only without regard to any particular user’s investment objectives, risk tolerances or financial situation and does not constitute investment advice, nor should it be considered a solicitation or offering to sell securities or an interest in any fund.
Opinions and statements of financial market trends that are based on current market conditions constitute our judgment and are subject to change without notice. We believe the information provided here is reliable but should not be assumed to be accurate or complete. The views and strategies described may not be suitable for all investors, and readers should not rely on this publication as their sole source of investment information.
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Certification of Direct Rollover 529 to Roth IRA