Issue 293:
– 529 News & Research
– ABLE Act Column
– 529 Conference 2022

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, 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
paul.curley@issmarketintelligence.com
Twitter: @PaulCurleyBC

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

• ISS Market Intelligence, “529 Industry Analysis 2022.” Editor’s Take: Based on a proprietary survey of parents fielded in April 2022 by ISS Market Intelligence, the 529 Industry Analysis 2022 report provides subscribers with actionable guidance on how 529 product providers and distributors can enhance their legislative, product, marketing and distribution strategies based on the demographic demands, shifts and sentiment of parents and their families. The report also provides an overview of the college financial planning landscape, 529 landscape, demographics, product developments, marketing, and distribution. Learn more and subscribe to the report today.
• 529 Insiders, “Status Board: SECURE Act 529 State Updates.” Editor’s Take: Effective April 2022 and per plan disclosure agreement, New York was updated from “Not Allow Student Loans & Not Allow Apprenticeship Withdrawals State Tax Free” to “Not Allow Student Loans & Allow Apprenticeship Withdrawals State Tax Free.” As such, New York was updated to allow qualified 529 distributions from apprenticeships.
• 529 Insiders, “State by State Overview of Potential 529 Plan State Tax Benefits on Contributions.” Editor’s Take: The status board was updated for Delaware from Tax Neutral State to In-State Tax Benefit per state update here.
• 529 Insiders, “529 Dash Reader Question.” Editor’s Take: What rules govern how much you can withdraw for food when the student lives off campus?

ABLE accounts are tax-advantaged savings accounts for certain individuals with disabilities and their families. 
News, Research, Data & Resources:

• Mom Autism Money, “Episode 23: ABLE Account Updates with Paul Curley, CFA” Editor’s Take: Thank you Brynne and Joyce for the opportunity to discuss ABLE account updates including the ABLE Age Adjustment Act on episode 23 of the Mom Autism Money podcast. Listen, Learn and Share.
• Joint Committee on Taxation, “Description of the Chairman’s Modification to the Provisions of the “Enhancing American Retirement Now (EARN) Act.” Editor’s Take: New legislation titled in short the “Earn Act” and also referenced as SECURE 2.0 is currently on course to include the ABLE Age Adjustment Act which would increase the age of onset for eligibility to open an ABLE account from 26 to 46 years old. ISS Market Intelligence will continue to track and report on the progress of this legislation.
• ABLE Age Adjustment Act Status Board: The bill would increase the age of onset for eligibility to open an ABLE account from 26 years old to 46 years old. As of July 8, 2022, the bill sponsorship was as follows:
  • Senate (S331): 1 sponsor and 19 cosponsors
  • Congress Sponsorship (HR1219): 1 sponsor and 87 cosponsors

529 Conference 2022 will be held from October 17-19, 2022, at The Ritz-Carlton Orlando, Grande Lakes, Florida, USA. Registration is now open here, and the event hotel room block is available here.

Updates: 

• Agenda now available
• Speakers now available

Agenda Updates: 

• Sandie Palmer, Senior Vice President, Head of 529 & Insurance Business Development, Franklin Templeton has been confirmed as a speaker on the “Product Strategy, Trends and Outlook” 529 Conference panel
• Brea Tabernik, Senior Product Manager, Managed Investments, Edward Jones, has been confirmed as a speaker on the “National Broker-Dealer’s View on Product, Marketing and Distribution Strategies” 529 Conference panel
• Rachel Ramos, Senior Product Manager, American Funds | Capital Group, has been confirmed as a speaker on the “Employer Channel Trends and Opportunities” 529 Conference panel
• Joanne Carter, Executive Director, Senior Product Manager – IRAs, 529 Plans and Donor-Advised Funds, UBS Financial Services, has been confirmed as a speaker on the “National Broker-Dealer’s View on Product, Marketing and Distribution Strategies” 529 Conference panel
• Edward Kaminski CIMA®, Senior Business Consultant, New York Life Stable Value, has been confirmed as a speaker on the “Investment Line-Up Trends and Outlook” 529 Conference panel
• Richard Polimeni, Director, Head of Education Savings Programs, Investment Solutions Group, Bank of America Merrill, has been confirmed as a speaker on the “National Broker-Dealer’s View on Product, Marketing and Distribution Strategies” 529 Conference panel
• Steve Tine, 529 Product Manager, Nuveen, has been confirmed as a moderator on the “Business Building with 529s” 529 Conference panel
• Jeannette Haen, Vice President, Education Planning Consultant, Wealth Solutions Group | Investment Solutions, Robert W. Baird & Co., has been confirmed as a speaker on the “Business Building with 529s” 529 Conference panel
• Wayne Weber, CEO, Gift of College, Inc., has been confirmed as a speaker on the “Employer Channel Trends and Opportunities” 529 Conference panel
• Heather Zack, JD, LLM, MSFP, CAP®, Manager, Advanced Planning, Commonwealth Financial Network^®, has been confirmed as a speaker on the “Business Building with 529s” 529 Conference panel
• Kim DeDominicis, Portfolio Manager, T. Rowe Price, has been confirmed as a speaker on the “Investment Line-Up Trends and Outlook” 529 Conference panel

702 King Farm Boulevard, Suite 400, Rockville, MD 20850  |  +1 212-217-6884  |  issgovernance.com