June 6, 2025
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NEWS
- Wall Street Braces for More Investors Dissing Dollar
- Credit Market Outlook
- The GDPNow model estimate for real GDP growth is 4.6 percent
- Federal Reserve Board issues Economic Well-Being of U.S. Households
- Countries Fight Over Periodic Table as China Hoards Rare Earths
- Tariffs Deliver Record Drop in US Trade Deficit
Wealth Mechanics™
Can You Turn a 529 Into a Roth IRA? Let’s Find Out.
Thanks to the SECURE Act 2.0, there’s a fresh twist in the world of college savings: the ability to transfer unused 529 plan funds into a Roth IRA. It’s a move that’s piqued the curiosity of many families—and plenty of advisors, too.
This guide is your roadmap for navigating the ins and outs of this new opportunity. We’ve laid it out in a straightforward flowchart to help you quickly spot whether this strategy might be a fit for your situation (or your child’s).
Inside, you’ll find the key questions to consider:
- Has the 529 been open—and funded—for long enough?
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Are the beneficiary and Roth IRA owner aligned correctly?
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Does the beneficiary have earned income and room left in their annual contribution limit?
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And most importantly: does this strategy actually make sense for your long-term goals?
It’s not a one-size-fits-all move, but for the right scenario, it can be a savvy way to turn leftover college savings into long-term retirement fuel. Let’s walk through it together.
DOWNLOAD OUR FLOWCHART
MARKET COMMENTARY
Equities
- Markets moved higher despite lingering tariff chatter.
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Small and mid-caps outpaced large-caps for the week but still lag YTD.
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Growth stocks had the upper hand short-term, while value remains ahead for the year.
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Tech and communication services led; defensive sectors took a backseat.
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International stocks rose—European strength outweighed Japan’s pullback; emerging markets got a lift from China stimulus hopes.
Bonds
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Bond prices fell as yields rose on strong job data.
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2-year Treasury yield jumped to 4.04%, 10-year to 4.51%, narrowing the curve.
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Government bonds underperformed as credit spreads tightened.
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Investment-grade and high-yield bonds ended the week yielding 5.29% and 7.68%, respectively.
Macroeconomic Data
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Labor market still firm, but momentum is slowing.
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May payrolls beat expectations (+139K); prior months revised down by 95K.
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Job openings rose (+191K), but quits rate fell to 2.0%—a sign of fading worker confidence.
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ADP showed weak private job growth (+37K); jobless claims hit 2024 highs at 247K.
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Manufacturing and services PMIs both dipped into contraction.
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Trade deficit narrowed to $61.8B with record U.S. exports offsetting lower imports.
INDEX RETURNS
(as of Monday’s Market Opening)
| Total Return (1D) | Total Return (1W) | Total Return (MTD) | Total Return (QTD) | Total Return (YTD) | |
| S&P‚500 | 0.27% | 1.36% | 1.78% | 7.21% | 2.30% |
| Dow Jones Industrial Average | 0.11% | 1.19% | 1.28% | 1.93% | 0.63% |
| NASDAQ | 0.46% | 1.96% | 2.65% | 13.42% | 1.60% |
| NASDAQ 100 | 0.43% | 1.69% | 2.41% | 13.36% | 4.01% |
| Russell 2000 Index | 0.77% | 3.72% | 3.92% | 6.73% | -3.72% |
| Russell 3000 | 0.26% | 2.08% | 2.08% | 7.62% | 2.54% |
| ACWI | 0.31% | 2.02% | 2.02% | 8.38% | 7.36% |
Source: MorningStar
ANNUITY WATCH
FIXED ACCOUNT |
FIXED ACCOUNT |
||
| (premium greater $100K) | (premium less than $100K) | ||
5.5% |
4.25% |
Source: Jackson Financial
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Disclosures
- Wealth Mechanics™ is a registered trademark of Cestia Wealth Management. Unauthorized use of the trademark, including but not limited to commercial use, reproduction, or imitation without explicit written permission from Cestia Wealth Management, is strictly prohibited.
- Market commentary provided by NewEdge Advisors
- Charts concerning market data are provided by Exhibit A.
- Guides and other downloadable firm material respective to financial planning processes and data are provided and powered by fpPathfinder.
- Advisory services offered through NewEdge Advisors, LLC, a registered investment adviser. Securities offered through NewEdge Securities, LLC. Member FINRA/SIPC. NewEdge Advisors, LLC and NewEdge Securities, LLC are wholly owned subsidiaries of NewEdge Capital Group, LLC.
- Cestia Wealth Management is not a legal tax professional. We offer tax gap analysis for clients who desire to have a comprehensive financial plan, which requires in-depth tax strategy and planning as a distinct part of the overall customized solution. Please consult your tax professional on all matters addressed in this report.
- Information about annuities are not to be considered a recommendation. The information provided should not considered a recommendation to purchase or sell any particular security.
- Investing involves risk, including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is no guarantee of future results. Please note that individual situations can vary. Therefore, the information presented here should only be relied upon when coordinated with individual professional advice.
