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Editor's Picks
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Issue 256:
– 529 News & Research
– ABLE Act Column
– 529 Conference 2021
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 college 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
Director of 529 & ABLE Research
ISS Market Intelligence
paul.curley@issmarketintelligence.com
Twitter: @PaulCurleyBC
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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:
- CollegeAccess529, “Your legacy: The gift of success.” Editor’s Take: Thank you Virtus Investment Partners for creating and sharing this piece on how 529s are not a small ticket business for advisors. The section also includes an overview and examples of accelerated gifting. Click to learn more.
- TNStars, “Savings Tools.” Editor’s Take: Test out the calculator to see how much money one needs to save and pay for college.
- 529 Insiders, “Status Board: SECURE Act 529 State Updates.” Editor’s Take: The status board was updated on July 21, 2021, to reflect the recategorization of Montana
- From: “Not Clear or Decision Pending”
- To: “Allow student loans & allow apprenticeship withdrawals state tax free”
- 529 Insiders, “Status Board: K-12 State Updates.” Editor’s Take: The status board was updated on July 21, 2021, to reflect the recategorization of Montana
- From: “Not allow K-12 withdrawals state tax fee”
- To: “Allow K-12 Withdrawals State Tax Free”
- 529 Insiders, “1Q 2021 529 and ABLE Market Sizing Highlights.” Editor’s Take: 15.1 million accounts invested $438 billion in assets in 529 savings and prepaid plans as of March 31, 2021 per ISS Market Intelligence. Read to learn more.
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ABLE Act Column
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ABLE accounts are tax-advantaged investment vehicles for certain individuals with disabilities and their families.
News, Research, Data & Resources:
- YouTube, “ABLE Account and SSI.” Editor’s Take: Elizabeth Laron, Financial Consultant with LPL, has created a channel on special needs financial planning including ABLE Accounts. Watch the video and subscribe to the channel to learn more about ABLE accounts from the advisor’s perspective.
- 529 Insiders, ABLE Market Sizing. Editor’s Take: 90,706 ABLE accounts invested $759 million in assets as of March 31, 2021 per ISS Market Intelligence.
- 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 9, 2021, the bill sponsorship was as follows:
- Senate (S331): 1 sponsor and 12 cosponsors
- Congress Sponsorship (HR1219): 1 sponsor and 64 cosponsors
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Events: 529 Conference 2021
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What & Why: The 529 Conference is a highly interactive and educational industry gathering where you’ll learn from and network with the entire 529 and ABLE ecosystem to ensure product training, insight and networking across the 529 and ABLE community.
When: November 2-4, 2021
- 529 Essentials: November 2
- 529 Conference: November 3 and 4
- ABLE Summit: November 4
Where: Ritz-Carlton Orlando Grade Lakes, Florida, U.S.
How: Registration now open here.
Updates:
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