Editor's Picks

Issue 294:
– 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

529 News & Research

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

  • 529 Insiders, “List of 529 Savings Plans by State.” Editor’s Take: The status board was updated to reflect with launch of the Goldman Sachs 529 Plan and Morgan Stanley National Advisory 529 Plans, and the relabel of several plans in Arkansas, Delaware, Arizona and more. Click to learn more. 
  • Ohio Tuition Trust Authority, “Saving in an Economic Downturn.” Editor’s Take: Thank you Ohio Tuition Trust Authority for reemphasizing this timely story board on how parents should approach the economic downturn that we are currently experiencing. Read, learn and share.
  • 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.
ABLE Act Column

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

  • 529 Insiders, “List of Open ABLE Programs.” Editor’s Take: The status board was updated to reflect the launch of Maine, Hawaii and more. The page also reports the four states that do not offer an ABLE Program. As of July 13, 2022, 49 ABLE programs are offered by 46 states and Washington, DC. Note that Oregon and Virginia both offer 2 programs, and hence 46 states offering 48 programs plus Washington, DC. Thank you for the reader question, and happy to answer with an updated status board. Read to learn more, and please keep the questions coming.
  • 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 14, 2022, the bill sponsorship was as follows:
    • Senate (S331): 1 sponsor and 20 cosponsors
      • On July 13, 2022, Christopher Coons [DE] signed as the 20th cosponsor
    • Congress Sponsorship (HR1219): 1 sponsor and 87 cosponsors
  • ABLE Afternoon Summit Updates:
    • ABLE Afternoon Summit will be held on October 19, 2022 of the 529 Conference 2022 in Orlando
    • Speaker Update: Anna Fedewa, Manager of Public Policy, National Down Syndrome Society, has been confirmed as a panelist on the “ABLE Landscape: Meeting the Needs from All Perspectives” ABLE Summit panel
    • Agenda includes four dedicated sessions: 
      • State of the ABLE Industry & Legislative Update
      • ABLE Landscape: Meeting the Needs from All Perspectives
      • ABLE Implementation: Product, Marketing & Distribution Perspective
      • ABLE Outlook: Challenges & Opportunities
Events: 529 Conference 2022

529 Conference 2022 will be held from October 17-19, 2022, at The Ritz-Carlton Orlando, Grande Lakes, Florida, USA. 

Updates: 


Agenda Updates: 

  • Patty Oey, Senior Manager Research Analyst, Morningstar, has been confirmed as a panelist on the “Investment Line-Up Trends and Outlook” 529 Conference panel
  • Anna Fedewa, Manager of Public Policy, National Down Syndrome Society, has been confirmed as a panelist on the “ABLE Landscape: Meeting the Needs from All Perspectives” ABLE Summit panel
  • John Barrasso, Managing Director | New Business & Strategy, Retirement Strategies, Prudential Financial, has been confirmed as moderator of the “Stable Value for 529s” 529 Conference panel
  • Richard Ellis, Executive Director, my529, has been confirmed as a panelist on the “Stable Value for 529s” 529 Conference panel
  • Henry S. Kao, CFA, Senior Vice President, DC Practice, PIMCO, has been confirmed as a panelist on the “Stable Value for 529s” 529 Conference panel
  • Joanna Newton, Marketing Manager, Peachjar, has been confirmed as a panelist on the “Direct-Sold Marketing Strategies” 529 Conference panel
 
July 18th, 2022
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EDITORIAL: Paul Curley
paul.curley@issmarketintelligence.com
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paul.curley@issmarketintelligence.com
   
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