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Editor's Picks
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Issue 229:
– A Note From the MSRB
– Monthly Webinar Series
– News & Research
– 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 institutions, advisers and financial professionals 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
529 & ABLE Solutions, ISS Market Intelligence
paul.curley@issmarketintelligence.com
Twitter: @PaulCurleyBC
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A Note From the MSRB: The MSRB Seeks 529 and ABLE Advisory Group Volunteers
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The Municipal Securities Rulemaking Board (MSRB) is currently seeking volunteers to serve on its Municipal Fund Securities Advisory Group (MFSAG). MFSAG was established for purposes of informing the MSRB on issues top of mind to the 529 savings plans community and Stephen Beck, Jr., Achieving a Better Life Experience Act of 2014 (ABLE) programs. The invaluable information sharing and engagement has served to advance MSRB initiatives and inform rulemaking. The MSRB expects to host the advisory group in January with ongoing meetings held via conference call on a periodic basis through September 31, 2021.
The MSRB encourages all interested persons to submit an application by sending your name and resume or biography to Nikki Faucette at nfaucette@msrb.org by next Tuesday, December 15, 2020. Please note, the MSRB recognizes we are in the midst of the holiday season, so for anyone who is interested in volunteering, but can’t meet the deadline to submit information, please contact the MSRB immediately.
Advisory groups are among the ways that the MSRB’s Board of Directors engage with stakeholders to benefit from diverse perspectives and expertise, so all are encouraged to apply.
Read MSRB Notice 2020-16 For More Information
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Monthly Webinar Series
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529 Year-End Planning & Recap (December 9th):
Please join us for the 529 Year-End Planning & Recap Webinar, sponsored by Ohio’s 529 Plan, CollegeAdvantage. Hosted by Tim Gorrell, Executive Director of Ohio’s 529 CollegeAdvantage, and Paul Curley, Director of Savings Research at ISS Market Intelligence, December’s webinar will close out the 2020 calendar by providing year-end reminders, tips and best practices, round-up of the Top 5 trends in 2020, and discuss the outlook for 2021 and beyond.
The session will also highlight 529 and ABLE industry announcements, market data updates, preview the 529 Distribution Analysis 2020 based on a new proprietary survey of advisers, and include Q&A with Tim and Paul.
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Read more
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News & Research: Article Round-Up
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Here is what you need to know from stories, research and data released this week:
- MNice Investor, Podcast on “How to use 529 plans in the age of COVID with Paul Curley, CFA, from ISS Market Intelligence.” Editor’s Take: Thank you for the opportunity Mark to participate in the podcast to discuss the benefits of education financial planning and 529 plans in the new current age of COVID. We discuss a number of questions such as can a 529 plan pay a parent rent, K-12 tuition expenses, internet access, and PPE. Listen, learn and share, and congrats to Mark in Minnesota for launching the podcast.
- 529 Insiders, “3Q 2020 529 and ABLE Market Sizing Highlights.” Editor’s Take: What was the 529 and ABLE market sizing as of 3Q 2020? Click the link to learn more.
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ABLE Act Column
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ABLE accounts are tax-advantaged savings accounts for certain individuals with disabilities and their families.
News, Research, Data & Resources:
- Oregon State Treasury, “Celebrating four years and $27 million saved by more than 4,000 people experiencing disabilities.” Editor’s Take: Congrats to the Oregon State Treasury team, and thank you for all that you do to help families and raising awareness of ABLE accounts.
- Boston College Center for Retirement Research, “Disability accommodations help workers.” Editor’s Take: The article includes statistical talking points on life with a disability, and therefore may provide some insight and perspective of ABLE to Work account users and their families. Read the article to learn more.
- ABLEnow, “Introducing the ABLEnow mobile app.” Editor’s Take: Congrats to ABLEnow for launching the ABLE industry’s first mobile app. The app is supported by PNC and available in the Apple App Store and Google Play for Android devices. Users can do a number of functions including check balances, make contributions and distributions, upload receipts, view statements and contact customer service, and click to learn more. In the meantime, thank you for the update Sarah and Alisa.
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