Editor's Picks

– 529 Insiders
– News & Research
– Data
– ABLE Act Column
– Events

529 Dash, Required Reading for Your 529 Education: The goal of the 529 Dash is to address the specific needs and concerns of advisers and institutions who sell and service 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 529s, ABLE accounts and education financial planning.

Please Read, Engage and Share.

Paul Curley, CFA
Editor-in-Chief of 529 Dash
Director of Savings Research
Twitter: @PaulCurleyBC

Upcoming Live 529 Webcast Hosted by Strategic Insight and Invesco on March 12, 2019

The Kids You Love Next.

  • On March 12, 2019, Strategic Insight and Invesco will host a 50-minute live webcast together on how 529 college savings plans and college financial planning can help advisers to grow and retain their book of business through intergenerational wealth transfers. The session will feature the moderator of Paul Curley, CFA, Director of College Savings Research with Strategic Insight, along with speakers of Lisa Kueng, Director of Creative Campaigns with Invesco and co-author of “Picture Your Prosperity: Smart Money Moves to Turn Your Vision into Reality” and Toni Tamborello, Associate Director with Invesco CollegeBound 529 Plan. To register for the webcast, click the link below.

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News & Research: Article Round-Up

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

  • Plansponsor, “Travelers to Help Employees Save for Retirement While Paying Down Student Debt.” Editor's Take: College financial planning employer benefits are on the rise, and we expect this trend to continue. Read the article to learn more.
  • Financial Advisor Magazine, “Managing Market Volatility When College Bills Are Imminent.” Editor's Take: Timely discussion on an important topic. Read to learn more about how other advisers are covering this subject with clients as well.
  • Wealth Hacker Labs, “The 15 Crucial Steps Needed To Achieve Financial Independence.” Editor's Take: Thank you Jeff Rose, CFP, for your list, and especially number nine which focuses on saving through all market cycles, and to and through all market volatility. Given the marketplace recently, it is a good reminder for all working through the college financial planning process. Read the article to learn more.
  • Webinar, “The Kids You Love Next” on March 12th at 2pm EST. Editor's Take: We are on the cusp of an unparalleled generational wealth transfer. No financial adviser is immune to losing assets as they transfer from one generation to the next. This program hosted by Paul Curley is designed to show financial advisers how to use 529 plans to help prevent that asset loss while simultaneously helping affluent grandparent clients assist their grandchildren in getting a college education. Click the article to register, and see you there.
  • Boston College Center for Retirement Research, “Graduates’ pay ranked for 1,650 colleges.” Editor's Take: Timely article that covers the return side of the investment in education.
  • Planadviser, “Make the most of FINRA’s 529 share class disclosure initiative”

Data: 4Q 2018 529 and ABLE Market Sizing Update

Here is the latest 529 and ABLE market data by Strategic Insight that can be used by the media and other organizations.

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ABLE Act Column

ABLE accounts are tax-advantaged savings accounts for certain individuals with disabilities and their families.

News, Research, Data & Resources:

  • Disability Scoop, “Senators look to expand ABLE program.” Editor's Take: In March 2019, the US Senate introduced the ABLE Age Adjustment Act which would increase the age of onset for eligible accountowners from 26 years old to 46 years old. Also, thank you Disability Scoop for correctly sourcing Strategic Insight in the market data section of the article.
  • Pittsburgh Post-Gazette, “Autism Speaks prepares for 20th annual walk to benefit those with autism.” Editor's Take: Thank you Autism Speaks for your leadership.
  • Twitter, “Tweets. Media.” Editor's Take: This section provides links to live photos taken and posted over the past week by ABLE program managers and community leadership organizations, and this week includes posts by Oregon ABLE Savings and National Down Syndrome Society. Thank you for building awareness through outreach which will continue to help more families to successfully use ABLE accounts.
  • Webinar, “Achieving financial independence with ticket to work and ABLE account.” Editor's Take: Social Security Administration is hosting a free webinar on March 27th, and click the link to register.

Events: SI 529 Conference 2019

Save the Date: Strategic Insight 529 Conference 2019 will be held from September 23-25, 2019, at the Ritz-Carlton, Amelia Island, Florida. Sessions:

  • 529 Conference: A highly interactive and educational industry gathering with the entire education financial planning ecosystem.
  • 529 Essentials: A pre-conference session to train professionals on 529 plans and education financial planning in a constantly evolving market.
  • ABLE Summit: A post-conference session to deliver training, insight and networking opportunities to support the successful implementation and growth of ABLE accounts.

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Quote of the Week

“The number of accounts continue to increase in 529 plans and that’s against market volatility in 2018.” said Paul Curley, director of college savings research at Strategic Insight. “More families are contributing and the families that are contributing are contributing more.”
– Pittsburgh Post-Gazette, “Financial firms get deadline to admit offering bad advice on 529 plans for school fees” on March 7, 2019 by Tim Grant

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March 11th, 2019
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This newsletter has been prepared using information and sources we believe to be reliable; however, we make no representation as to its accuracy, adequacy or completeness, nor do we assume responsibility for any errors or omissions or for any results obtained from the use of this report, including any action taken with respect to securities referred to in this report. Our employees may from time to time acquire, hold or sell a position in securities mentioned herein. We may from time to time perform services for any company mentioned in this report. This report is not a prospectus or representation intended to use in the purchase or sale of any securities mentioned in this report.