Issue 342

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 education financial planning process by creating and sharing industry relevant news, product training, market data 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
Associate Director
529 & ABLE Solutions, ISS Market Intelligence
Twitter: @PaulCurleyBC

529 News & Research

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

  • 529 Insiders, “Status Board: State Income Tax Treatment on 529 Distributions to Roth IRAs.” Editor’s Take: Effective 2024, certain types of qualified transfers from 529s to Roth IRAs will be allowed from a federal income tax perspective. From a state income tax perspective, this article categorizes the transfer as a qualified expense, non-qualified expense or decision pending for residents and workers in those states based on publicly available information. This article will be updated over time as more information is received and incorporated. In the interim and as of December 9th, 25 states categorize qualifying distributions from 529s to Roth IRAs as a qualified expense for their residents from a state income tax perspective, while 7 states categorize the transaction as non-qualified and 18 states plus D.C. are still pending a decision.
  • Businesswire, “Ohio’s 529 Plan, the Perfect Holiday Gift.” Editor’s Take: The holiday season and year-end planning is the perfect time to provide a gift to those in your family and setup your family for success in 2024 and beyond. Click the link to learn more about the different opportunity this year-end.
  • Vanguard, “Is it worth investing in a 529 plan in uncertain markets?” Editor’s Take: Thank you Vanguard for impressing upon parents the importance and real opportunity of investing to and through market and economic volatility. Read to learn more. 
  • 529 Insiders, “3Q 2023 529 market sizing highlights.” Editor’s Take: What was the 529 market sizing as of 3Q 2023 (September 30, 2023)? Click the link to learn more.
ABLE News & Research

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

  • YouTube: A few providers have created and shared educational videos on ABLE accounts including ABLEnow with The Arc of North Virginia and Colorado ABLE with Advocacy Denver. Additionally, URS Advisory created an educational video in support of their clients as part of a lead generation process, which allows you to see how advisors and estate planners can grow their book of clients with ABLE accounts and special needs planning. Last but not least, it is great to see XY Planning Network working with Chris Rodriquez on an education video for their base of advisors. Congrats, and thank you for raising awareness and understanding about ABLE accounts. 
  • Business Insider, “What is an ABLE account?” Editor’s Take: Thank you Business Insider for covering ABLE accounts, and read the article to learn more or two share with someone new to ABLE accounts. 
  • 529 Insiders, “3Q 2023 ABLE market sizing highlights.” Editor’s Take: What was the ABLE market sizing as of 3Q 2023 (September 30, 2023)? Click the link to learn more.
Events: 529 Conference 2024

Please save the date for 529 Conference 2024

  • Dates: September 30, 2024 – October 2, 2024
  • Location: Ritz-Carlton Orlando, Grande Lakes, Florida
  • Welcome Reception: Sunday, September 29, 2024
  • 529 Essentials Seminar: Monday, September 30, 2024
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December 11th, 2023
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