Issue 343

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:

  • PR Newswire, “Backer acquires Saving for College and Raises Series A.” Editor’s Take: Congrats to Backer and Jordan Lee for acquiring This development will help accelerate new 529 account growth and the broadening of awareness and usage of 529s for families and advisors. In turn, the industry will grow faster. Read the press release to learn more. 
  • 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 from a state income tax recapture perspective based on publicly available information. This article will be updated over time as more information is received and incorporated.
  • 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.
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 19th, 2023
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