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Can I make a tax-free rollover from a 529 account to a Roth IRA for the prior year?

If you make your rollover request and subsequent Roth IRA contribution before the tax filing deadline you MAY be permitted to elect to have the rollover contribution count toward the Prior Year. This rule has yet to be confirmed by the IRS, and you should speak with a qualified tax professional prior to making such an election.

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Related FAQs
How do I adjust my investment portfolio?

There are two ways to change your account's investment choices: selling your portfolio and reinvesting in a new one, or redirecting contributions into a new portfolio type.

How often can I make changes to my investment allocations?

You can only sell off a portfolio to buy a new option twice per calendar year. However, you can start contributing to a new, additional portfolio, as many times as you'd like.

Can I re-balance the asset allocation in my Embark account?

No, you cannot rebalance the asset allocation in your individual portfolio(s), but you can tweak your overall investment options up to twice a year.

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