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Editor's Picks
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Issue 301:
– 529 News & Research
– ABLE Act Column
– 529 Conference 2022
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, 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
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529 News & Research
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Here is what you need to know from stories, research, and data released this week:
- Reuters, “U.S. prepaid college savings plans shine as inflation soars.” Editor’s Take: Thank you Chris Taylor for sourcing ISS Market Intelligence and quoting Paul Curley of ISS Market Intelligence in the article. Timely discussion on 529s and education financial planning, and especially given the recent sentiment on inflation and macroeconomics trends. Read, learn and share.
- 529 Insiders, “List of 529 Savings Plans by State.” Editor’s Take: ISS Market Intelligence has updated the 529 Insiders status board to reflect the product update effective August 29, 2022, that Oklahoma 529 College Savings Plan has been relabeled to Oklahoma 529 with new rebranding and a new website. The relabeling aligns with the broadening of the qualified higher education expenses from college to student loans, apprenticeships, and K-12 tuition as reported in the 529 Insiders status board here. Checkout the new Oklahoma 529 website and rebranding here.
- 529 Insiders, “2Q 2022 529 Market Sizing Highlights.” Editor’s Take: What was the 529 market sizing as of June 30, 2022? Read to learn more.
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ABLE Act Column
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ABLE accounts are tax-advantaged savings accounts for certain individuals with disabilities and their families.
News, Research, Data & Resources:
- The White House, “President Biden Announces Key Nominees.” Editor’s Take: Congratulations to Dante Allen of CalABLE Act Board for the nomination of Commissioner of the Rehabilitation Services Administration at the U.S. Department of Education by President Biden. Dante presented at the ABLE Summit in 2019, 2020 and 2021, and click the article to learn more about this great update.
- Consumer Reports, “ABLE accounts can help people with disabilities save tax-free.” Editor’s Take: Thank you Penny Wang for sourcing ISS Market Intelligence in the article, and for helping to build awareness and understanding of ABLE accounts. Read the article to learn more.
- ABLE United Webinar, “A roundtable on financial planning for the disability community.” Editor’s Take: On September 29, John Finch of ABLE United will host a webinar with Keith Seago of Comerica Securities on financial planning, saving and investing, and ABLE accounts. Register today.
- ABLE Age Adjustment Act Status Board: 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 September 9, 2022, the bill sponsorship was as follows:
- Senate (S331): 1 sponsor and 21 cosponsors
- Congress Sponsorship (HR1219): 1 sponsor and 95 cosponsors
ABLE Afternoon Summit: Will be held on October 19th of the 529 Conference 2022 at The Ritz-Carlton Orlando, Grande Lakes, Florida, USA
- Registration is now available
- David Sitcovsky, Senior Director of Policy & Federal Government Affairs, Autism Speaks, has been confirmed as a speaker on the “ABLE Landscape: Meeting the Needs from All Perspectives” ABLE Summit panel.
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Events: 529 Conference 2022
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529 Conference 2022 will be held from October 17-19, 2022, at The Ritz-Carlton Orlando, Grande Lakes, Florida, USA.
Updates:
Agenda Updates:
- Chris Lynch, President, TIAA Tuition Financing, Inc., has been confirmed as a speaker on the “Direct-Sold Marketing Strategies” 529 Conference panel.
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