Editor's Picks

– News & Research
– Data
– ABLE Act Column

529 Dash, Required Reading for Your 529 Education: The goal of the 529 Dash is to address the specific needs and concerns of advisers and institutions who sell and service families and employers in the education 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 529s, ABLE accounts and education financial planning.

Please Read, Engage and Share.

Paul Curley, CFA
Director of Savings Research
Twitter: @PaulCurleyBC

News & Research: Article Round-Up

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

  • Plansponsor, “Employer-provided student loan repayment programs have pros and cons.” Editor's Take: College financial planning employer benefits is growing in coverage, awareness and usage. Read the article to learn more.
  • CNBC, “You might get a tax surprise if you use this account to repay student loans.” Editor's Take: The article provides a good reminder that while the SECURE Act expanded qualified distributions to include apprenticeships and student loans at the federal tax level, the same may not be said about the state tax level as each state will determine how these expenses are treated. Therefore as mentioned in the article, call your accountant or have your client contact their accountant on this item. Read the article to learn more.
  • The Street, “New retirement law makes big changes to how you save.” Editor's Take: Roundup of the impact of the SECURE Act. The bill includes two provisions relating to 529 plans including the expansion of qualified distributions to apprenticeships and student loans.

Data: 3Q 2019 529 and ABLE Market Sizing Update

Here is the latest 529 and ABLE market data that can be used by the media and other organizations.

Read more
ABLE Act Column

ABLE accounts are tax-advantaged savings accounts for certain individuals with disabilities and their families.

News, Research, Data & Resources:

  • YouTube of National Association of State Treasurers (NAST), “We need your help to spread the word on ABLE.” Editor's Take: Thank you NAST for creating and sharing, and for raising awareness of ABLE accounts.
  • Municipal Securities Rulemaking Board (MSRB), “Investor’s guide for ABLE programs.” Editor's Take: Thank you MSRB and the MSRB Advisory Group for creating this 26-page education piece on ABLE accounts. The guide is ADA Section 508 compliant, and so please click to read, bookmark and share.
  • YouTube of ABLE WA, “How to receive or make an ABLE gift.” Editor's Take: Instructional video that provides an overview of how to set up ABLE gifting capabilities. Also a good reminder to subscribe to the ABLE WA channel to get notified as more videos are released.

Events: 529 Conference 2020

Save the Date: 529 Conference 2020 will be held from September 24-26, 2020, at the Ritz-Carlton Orlando, Grande Lakes. Sessions:

  • 529 Conference: A highly interactive and educational industry gathering with the entire education financial planning ecosystem.
  • 529 Essentials: A session to train professionals on 529 plans and education financial planning in a constantly evolving market.
  • ABLE Summit: A session to deliver training, insight and networking opportunities to support the successful implementation and growth of ABLE accounts.

December 30th, 2019
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