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Do existing IRA compensation requirements apply to the 529 beneficiary when making a 529-to-Roth IRA rollover?

The beneficiary of the Embark account/Roth IRA owner must have earned income equal to or exceeding the amount being rolled over from the 529 plan. The usual income cap does not apply. The beneficiary is encouraged to consult with a financial or tax advisor to determine if they qualify.

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Account Services
Rollover
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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