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:

• Planadvisor, “Why 529 accounts’ evolution makes them stronger tools for advisors.” Editor’s Take: The article highlights how the expansion of qualified expenses will help advisors to add value throughout the education financial planning and estate planning process. Also, thank you Peg Creonte and Ascensus for sharing your insight and perspective in the article. Read, learn and grow. 
• 529 Insiders, “4Q 2023 529 market sizing highlights.” Editor’s Take: What was the 529 market sizing as of 4Q 2023 (December 31, 2023)? Click the link to learn more.
• Forbes, “How to roll 529 plan assets into a Roth IRA account.” Editor’s Take: Thank you Brian Boswell, CFP, for providing an update, overview and your perspective as a financial planner on this product development and for sourcing ISS Market Intelligence in the article. The article closes with three pitfalls to avoid, which provides an additive layer to the discussion on the topic. Read, learn and growth.  
  • 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:

• Texas ABLE Connections, “Texas ABLE Connections.” Editor’s Take: Thank you Texas ABLE for creating and sharing this monthly newsletter on increasing in contributions limits, ABLE accounts for veterans and more to help raise awareness and understanding of ABLE accounts. The newsletter also highlights a gifting tool, a US Bank Focus Card, and a photo taken from the booth (nice work Anna) from the National Federation of the Blind Conference. 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 Sponsored by NY Life: 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 Capital Group | American Funds for the Breakfast Sponsorship on Tuesday, October 1
  • Thank you Flywire for sponsoring the Networking Refreshment Break on Wednesday, October 2

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.

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