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Editor's Picks
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Issue 253:
– 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:
- AKF Consulting, “College savings nation 2021: 529 plans thrive during a turbulent period.” Editor’s Take: The annual AKF 529 market research report on trends and developments they observed over the past year has been released. Click to learn more about three industry trends and two opportunities, and thank you AKF for writing and sharing your observations on the marketplace. Also, you can read an article by InvestmentNews on the new AKF report here.
- 529 Insiders, “Status Board: SECURE Act 529 State Updates.” Editor’s Take: The status board was updated on July 2, 2021, to reflect the recategorization of Nebraska
- From: “Not allow student loans & not allow apprenticeship withdrawals state tax free”
- To: “Not allow student loans & allow apprenticeship withdrawals state tax free”
- Source for update here.
- ISS Insights, “ISS Market Intelligence Releases Annual 529 Industry Analysis Report.” Editor’s Take: The 94-page report is undergirded by a survey of more than 1,000 U.S. households with children under the age of 18 to help identify the decision-making and product-selection processes of individuals who were at the time of the survey either 529 users, non-529 college savers or non-college savers. The survey was fielded in March through April 2021, and read the press release 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:
- 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 5, 2021, the bill sponsorship was as follows:
- Senate (S331): 1 sponsor and 12 cosponsors
- Congress Sponsorship (HR1219): 1 sponsor and 62 cosponsors
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Events: 529 Conference 2021
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Why & What: 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, Florida
Updates: Registration opening soon. In the interim, please save the date.
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