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:

• 529 Insiders, “3Q 2023 529 market sizing highlights.” Editor’s Take: What was the 529 market sizing as of 3Q 2023 (September 30, 2023)? Click the link to learn more.
• 529 Insiders, “Status Board: SECURE 2.0 529 State Updates.” Editor’s Take: Which states have passed, have not passed and will or will not pass enabling legislation to include certain types of rollovers from 529s to Roth IRAs as 529 qualified expenses for state tax purposes? Click the link to learn more, and bookmark to revisit as we will continue to update the status board as new information is received and incorporated over time.
• VSAC, “VSAC streamlines use of education savings funds with prepaid debit card.” Editor’s Take: Congrats to VSAC and Catalis for releasing this product enhancement that will ease the process for families to save and pay for education. Click the link to learn more.
• InvestmentNews, “How 401(k)s, 529s factor into the new FAFSA.” Editor’s Take: Thank you InvestmentNews and Emile Hallez for quoting and sourcing ISS Market Intelligence in this article. Click the link to learn more.
• Higher Ed Dive, “New FAFSA rollout planned by end of December.” Editor’s Take: FAFSA Simplification Act is going into effect, and the new FAFSA form was scheduled for release at some point in December 2023. The Education Department announced the official release date of December 31, 2023. Click the link to learn more about the new schedule.
• Federal Reserve Bank of New York, “Household Debt and Credit Report, Q3 2023.” Editor’s Take: Household debt continues to rise in part due to student loan debt balances. Click the link to see and source the latest tally.
• Wall Street Journal, “Buying a house isn’t happening, so they’re spending and saving differently.” Editor’s Take: There was a 15% increase in number of new 529 accounts opened in 3Q 2023 compared to 3Q 2022 per ISS Market Intelligence, and thank you Wall Street Journal for sourcing and quoting ISS Market Intelligence in this article. Read to learn more.

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

• 529 Insiders, “3Q 2023 ABLE market sizing highlights.” Editor’s Take: What was the ABLE market sizing as of 3Q 2023 (September 30, 2023)? Click the link to learn more.
• CAPTRUST, “A look at ABLE accounts.” Editor’s Take: In September, CAPTRUST released an introduction and overview on ABLE accounts. Click the link to read the story about an ABLE account user.
• YouTube Video by Consolidated Planning Group, “Should I open an ABLE account?” Editor’s Take: This webinar by Michelle Morris and April Martin provides an overview and introduction to ABLE accounts from a workforce rehabilitation services perspective and a special needs planning perspective. Watch, learn and grow.

Please save the date for 529 Conference 2024

• 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

Forward it over to a friend, or click “reply” anytime to connect and share thoughts on the 529 and ABLE market.

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