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, market data 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:

• Financial Advisor Magazine, “Engage the next generation with 529 plans.” Editor’s Take: Thank you David Haughton for raising awareness and understanding of the importance of education financial planning and 529s. Furthermore, the article covers how 529s support the important conversation of gift and estate planning in order to help advisors to prospect the future generations. Lastly, the article includes data points from an advisor survey and report by ISS Market Intelligence, and read the article to learn more.
• Kiplinger, “529s: No longer the ho-hum investing device for college.” Editor’s Take: Coverage of 529s continue to expand along with the expansion of qualified expenses. The status board below has been updated to incorporate several updates, and click the link to learn more. 
  • 529 Insiders, “Status Board: State Income Tax Treatment on 529 Distributions to Roth IRAs.” Editor’s Take: Effective 2024, certain types of qualified transfers from 529s to Roth IRAs will be allowed from a federal income tax perspective. From a state income tax perspective, this article categorizes the transfer as a qualified expense, non-qualified expense or decision pending from a state income tax recapture perspective for those that file state income tax with those states. This status board is for information purposes only based on publicly available information as of publication date, and you and your clients are responsible for determining the eligibility of a 529 distribution to a Roth IRA rollover. This article will be updated over time as more information becomes available. Current status board available in the link.

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

• Planadviser, “What advisers should know about ABLE.” Editor’s Take: Thank you Vestwell for sharing ideas and best practices on how advisers can leverage ABLE accounts to help their clients. Read the article for the latest updates, trends, and outlook on ABLE.
• Forbes by Winnie Sun, “Unlock financial support for your child with disabilities with ABLE.” Editor’s Take: Thank you Winnie Sun for expanding your coverage from the 529 employer channel to ABLE accounts. Winnie’s perspective as a financial advisor (and friend to the 529 and ABLE community as a former 529 presenter at the 529 Conference) provides additional insight on how ABLE accounts can help both parents and employers. As such, thank you Winnie for raising awareness of ABLE accounts. Read, learn and share.
• 529 Insiders, “4Q 2023 529 market sizing highlights.” Editor’s Take: What was the ABLE market sizing as of 4Q 2023 (December 31, 2023)? Click the link to learn more.

• Dates: September 30, 2024 – October 2, 2024
• Location: Ritz-Carlton Orlando, Grande Lakes, Florida
• Welcome Reception: Sunday, September 29, 2024
• 529 Essentials Seminar: Monday, September 30, 2024
• Registration: Now open here with the early bird rate availability until June 26, 2024
• Sponsors Update:
  • Thank you Columbia Threadneedle and Future Scholar for sponsoring the Branded Reusable Water Bottle
  • Thank you John Hancock Investment Management for sponsoring a Networking Refreshment Break 
  • Thank you Catalis for sponsoring a Networking Refreshment Break 

Please save the date for our next webinar on 529 Day 2024.

• Date: May 29, 2024
• Time: 11am-11:45am EST
• Location: Virtual; Online registration coming soon
• Title: 529 Day 2024 – Top Trends in 529 & ABLE

Forward it over to a friend, or click “reply” anytime to connect and share thoughts and ideas.

702 King Farm Boulevard, Suite 400, Rockville, MD 20850  |  +1 212-217-6884  |  issgovernance.com