Editor's Picks

– News & Research
– Data
– ABLE Act Column
– State-Sponsored Retirement Savings Column
– Events

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
Editor-in-Chief of 529 Dash
Director of College Savings Research
paul.curley@strategic-i.com
Twitter: @PaulCurleyBC

News & Research: Article Round-Up

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

  • Bloomberg, “U.S. student loan debt sets record, doubling since recession.” Editor's Take: The article highlights a number of troubling trends in college affordability. While the article does not pivot onto the solution of saving and saving efficiently for education, it does provide part of the story board that you could use when presenting the concept of education financial planning to your clients. Have the conversation on 529s with your clients today.
  • S&P Dow Jones Indices, “Getting smarter about saving for college.” Editor's Take: The white paper provides an overview of the S&P Target Tuition Inflation Index, and thank you Jodie Gunzberg for your introduction to the innovative concept.
  • 529 Insiders, “Status board: K-12 state updates.” Editor's Take: Nebraska has been updated on the status board from “Not Clear or Decision Pending” to “Not Allow K-12 Withdrawals State Tax-Fee.” Strategic Insight will continue to monitor the industry landscape, make updates to the status board in the 529 Insiders and report the updates in the 529 Dash.
  • 27% of those expecting a tax refund plan to use the money to pay down debt. Editor's Take: While the article didn't report the type of debt, student loans can be assumed to be one of the central targets given the volume, growth and inability to relinquish in bankruptcy court.
  • Recruiter's Corner, “529 product development.” Editor's Take: Morgan Stanley Wealth Management is seeking to hire a Vice President of 529 Investment Solutions Product Development in New York City, New York.
  • Recruiter's Corner, “529 specialist.” Editor's Take: John Hancock is seeking to hire a 529 Specialist in Boston, Massachusetts.

Data: 3Q 2018 529 and ABLE Market Sizing Update

Here is the latest 529 and ABLE market data by Strategic Insight 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:

  • San Francisco Chronicle, “CalABLE offers path to economic security for Californians with disabilities.” Editor's Take: Congrats on the launch, and the plan has been included in the list of open ABLE programs here. Also, the launch was covered in the KCBS article and audio clip here.
  • NC ABLE Program, “North Carolina's Davis family shares their story.” Editor's Take: Thank you NC ABLE for creating and sharing the short story about how ABLE accounts have been a positive development for the Davis family.
  • Webinar, “Saving makes sense: Maryland ABLE and your child's future.” Editor's Take: On January 24, Chelsea Hayman, Maryland ABLE's Outreach and Communication Manager, is hosting a webinar on the fundamentals of ABLE accounts. Click the article to register.

Events: Strategic Insight ABLE Summit 2019 will be held on September 25, 2019, at the Ritz-Carlton, Amelia Island, Florida, to deliver product training, insight and networking opportunities to support the successful implementation and growth of ABLE accounts. Please save the date, and thank you for the support.

State-Sponsored Retirement Savings Column

State-sponsored retirement savings plans are tax-advantaged retirement savings accounts offered through private sector companies and administered by states. News, Research, Data & Resources:

  • Seattle Times, “For American workers, 4 key retirement issues to watch in 2019.” Editor's Take: The top trend out of the four is state-run retirement plans. Given the success in 2018 and projected product launches and enhancements in 2019, I agree that this will be a top trend as well.
  • 60% or more employees responded in a survey that they would use a state-run retirement program if offered. Editor's Take: The data point pivots around level of trust perceived by employees, and state-run programs received a favorable response which would increase the likelihood of success for these programs.
  • Boston College Center for Retirement Research, “How have workers responded to Oregon's auto-IRA? Editor's Take: Thank you Boston College for researching this topic in your December 2018, and helping to get the message out.

Events: SI 529 Conference 2019

Save the Date: Strategic Insight 529 Conference 2019 will be held from September 23-25, 2019, at the Ritz-Carlton, Amelia Island, Florida. Sessions:

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

 
January 7th, 2019
Contact Us
EDITORIAL: Paul Curley
paul.curley@strategic-i.com
Advertising:Austin Ulep
austin.ulep@strategic-i.com
   
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This newsletter has been prepared using information and sources we believe to be reliable; however, we make no representation as to its accuracy, adequacy or completeness, nor do we assume responsibility for any errors or omissions or for any results obtained from the use of this report, including any action taken with respect to securities referred to in this report. Our employees may from time to time acquire, hold or sell a position in securities mentioned herein. We may from time to time perform services for any company mentioned in this report. This report is not a prospectus or representation intended to use in the purchase or sale of any securities mentioned in this report.