Issue 292:
– 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:

• 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 1, 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.

Agenda Updates: 

• Andrea Feirstein, Managing Director, AKF Consulting Group, has been confirmed as presenter of the “Plan Governance & Administration Best Practices” 529 Essentials session.
• Chris Stack, Esq., Managing Consultant, SavingforCollege.com, has been confirmed as presenter of the “529 Primer & Landscape” and “Comparing College Savings Vehicles: How do 529s Stack Up” 529 Essentials sessions.
• Julie Shields-Rutyna, Director of College Planning, Education, and Training, MEFA, has been confirmed as a co-presenter of the “Financial Aid” 529 Essentials Session.
• Stacey MacPhetres, Senior Director, Education Finance, Bright Horizons College Coach, has been confirmed as a co-presenter of the “Financial Aid” 529 Essentials Session.
• David Smith, CFA, Managing Director, Marquette Associates, has been confirmed as presenter of the “Structuring & Evaluating the Investment Lineup” 529 Essentials Session.
• Andrea Feirstein, Managing Director, AKF Consulting Group, has been confirmed as presenter of the “Federal Regulatory Framework” 529 Essentials session.

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