Editor's Picks

Issue 257:
– 529 News & Research
– ABLE Act Column
– 529 Conference 2021

529 Dash, Required Reading for Your 529 Education:
 The goal of the 529 Dash is to help institutions and financial professionals who help families and employers in the college financial planning process by creating and sharing industry relevant news, product training, and best practices, while also building awareness and understanding of the importance of 529 plans and ABLE accounts.

Please Read, Engage and Share.

Paul Curley, CFA
Director of 529 & ABLE Research
ISS Market Intelligence
paul.curley@issmarketintelligence.com
Twitter: @PaulCurleyBC

News & Research: Article Round-Up

Here is what you need to know from stories, research and data released this week:

  • Baird, “The Gap Year; 529 College Savings Plans.” Editor’s Take: Baird Private Wealth Management provides an overview on what a gap year is and how a 529 may be able to help fund it. Learn more.
  • YouTube or PodBean (Podcast) by MNice Investor Goes to College, “A college financial planning conversation with a real parent.” Editor’s Take: Mark Struthers, CFP, CFA, has a discussion with Dan Cepress on the college financial planning and the admissions process. Listen, learn and share, and thank you Mark for raising awareness of the importance of college financial planning.
  • Cision PR, “CollegeInvest enhances 529 offering with assets to be managed by Nuveen, the investment manager of TIAA.” Editor’s Take: Congrats to CollegeInvest and Nuveen, and read the press release to learn more.
ABLE Act Column

ABLE accounts are tax-advantaged investment vehicles for certain individuals with disabilities and their families. 
News, Research, Data & Resources:

  • AKF Consulting, “ABLE outreach: Opportunities abound.” Editor’s Take: Thank you Andrea Feirstein and AKF Consulting for creating and sharing this article on expanding ABLE outreach to the employer channel and the success of ABLE to Work to date. Read the article and learn more.
  • National Down Syndrome Society (NDSS), “Coalition Of employer, financial and disability groups endorses new legislation to promote ABLE accounts in the workplace.” Editor’s Take: Thank you NDSS and the coalition for supporting HB4672 which was introduced on July 22 and would enable employers to contribute to ABLE accounts in lieu of retirement plan contributions.
  • Commonwealth, “Your special needs planning toolkit: ABLE Accounts.” Editor’s Take: Anna Hays, JD, LLM of Commonwealth Financial Network provides an overview of ABLE accounts in the Wealth Planning & Investing section of their blog, and provides a strong close for advisors to “Consider Adding ABLE Accounts to your Toolkit.” Thank you Anna and Commonwealth for helping to get the message out about ABLE accounts, and click to learn more about ABLE accounts from the advisor perspective.
  • YouTube, “Growing wealth with disabilities.” Editor’s Take: Elizabeth Larson, Financial Consultant with LPL, spotlights ABLE as a great tool to build wealth. Watch the video and subscribe to the channel to learn more about ABLE accounts from the advisor’s perspective.
  • 529 Insiders, ABLE Market Sizing. Editor’s Take: 90,706 ABLE accounts invested $759 million in assets as of March 31, 2021 per ISS Market Intelligence.
  • ABLE Age Adjustment Act Status Board: The bill would increase the age of onset for eligibility to open an ABLE account from 26 years old to 46 years old. As of July 9, 2021, the bill sponsorship was as follows:
    • Senate (S331): 1 sponsor and 12 cosponsors
    • Congress Sponsorship (HR1219): 1 sponsor and 64 cosponsors
Events: 529 Conference 2021

What & Why: The 529 Conference is a highly interactive and educational industry gathering where you’ll learn from and network with the entire 529 and ABLE ecosystem to ensure product training, insight and networking across the 529 and ABLE community.

When: November 2-4, 2021

  • 529 Essentials: November 2
  • 529 Conference: November 3 and 4
  • ABLE Summit: November 4

Where: Ritz-Carlton Orlando Grade Lakes, Florida, U.S. 

How: Registration now open here.

Updates:

  • Agenda: 
    • Chuck Ranney, Vice President, Mutual Funds and 529 Plans, Ameriprise Financialhas been confirmed as a presenter on the “Business Building with 529s” 529 Conference session.
    • Rob Percival, SVP, Strategic Relationships, Orion Advisor Solutionshas been confirmed as a presenter on the “Product Strategy, Trends and Outlook” 529 Conference session.
 
August 2nd, 2021
Contact Us
EDITORIAL: Paul Curley
paul.curley@issmarketintelligence.com
Advertising: Paul Curley
paul.curley@issmarketintelligence.com
   
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