Editor's Picks

Issue 245:
– 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
Twitter: @PaulCurleyBC

News & Research: Article Round-Up

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

  • ISS Market Intelligence, “April 2021 Webinar: 529 & ABLE Industry Update” Replay. Editor’s Take: Hosted by Paul Curley, CFA, Director of 529 & ABLE Research at ISS Market Intelligence, the webinar covered 1Q 2021 market trends in 529 and ABLE plans from a legislative, product, marketing, and distribution perspective. In addition to discussing new data and research analysis on trends in ETF demand and usage in 529 savings plans, April’s webinar session spotlighted key findings from the 529 Industry Analysis 2021 report, 1Q 2021 529 & ABLE data highlights and 529 & ABLE industry announcements. View replay here.
  • Inside Higher Education, “Higher education delivers the promise of tomorrow.” Editor’s Take: Roger Ferguson, former President and CEO of TIAA, shares his perspective on the outlook, challenges and opportunities of higher education and college affordability. Thought provoking, and a must read.
  • Planadviser, “The inside take: Ascensus CEO on GIC, Stone Point Acquisition.” Editor’s Take: Congrats to Ascensus on the transaction, and all the great work your team does in 529s plans, ABLE accounts, and state-facilitated retirement plans in helping families to save and to save efficiently. You can also read about the announcement in Plansponsor.
  • FiPhysician, “The Fire 529: Bonus retirement account?” Editor’s Take: The article provides the pros and cons of using a 529 plan for retirement planning. While families and advisors do use retirement accounts such as 401ks and IRA to save and pay for education (ISS MI research on the topic here), families and advisers should use retirement vehicles (i.e., 401k, 403B, IRA) for retirement and education savings vehicles (i.e., 529, Coverdell) for education. In the meantime, this is the first article that I have seen evaluate this path, and hence the inclusion in this week’s 529 Dash.
ABLE Act Column

ABLE accounts are tax-advantaged investment vehicles for certain individuals with disabilities and their families. 
News, Research, Data & Resources:

  • Texas ABLE Program, “Texas ABLE Connections.” Editor’s Take: Congrats to Texas ABLE on the launch of the three-page newsletter with sections on feature articles, key facts, savings ideas, tips and more. Have a look to learn more.
  • YouTube, 1Q 2021 529 & ABLE Industry Update Webinar replay. Editor’s Take: On April 28th, Paul Curley of ISS provided an update on ABLE industry announcements, early estimates of 1Q 2021 ABLE market data, and more.
  • ABLE Age Adjustment Act: 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 April 23, 2021, the bill sponsorship was as follows:
    • Senate (S331): 1 sponsor and 9 cosponsors
    • Congress Sponsorship (HR1219): 1 sponsor and 46 cosponsors
Events: 529 Conference 2021

When: November 2-4, 2021

  • 529 Essentials: November 2
  • 529 Conference: November 3 and 4
  • ABLE Summit: November 4

Where: Ritz-Carlton, Orlando, Florida
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.

Updates: Registration coming soon.

Read more
May 3rd, 2021
Contact Us
EDITORIAL: Paul Curley
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