Displaying 27 results
An unexpected double tax break for 529-to-Roth rollovers
There’s a chance to do two 529-to-Roth rollovers this year – but only if the first one (for 2023) is done by April 15.
Will employers pass the college planning test?
As federal student loan payments resume, parts of the SECURE 2.0 Act will soon make it easier to save for college or contribute to a 401(k).
How 401(k)s, 529s factor into the new FAFSA
The forthcoming application for Federal Student Aid will have some big changes that will help some families and hurt others.
Back-to-school season has advisors talking tuition strategies
Advisors reveal how they teach parent clients a lesson or two about tax-efficient ways to pay tuition bills.
Bill to allow use of 529 funds for advisor credential courses gains more support
More certified financial planners will help more people make better decisions with their money, says advisor.
Saving for college hurts retirement for nearly 60%, survey says
A new rule for 529-to-IRA rollovers could help those who have both retirement and college savings goals.
529 Day is a reminder not to play hooky saving for your kids’ education
Of all the holidays we observe, both real and faux, 529 College Savings Day is the one that counts the most, in our humble opinion.
Preparing for the future: How 529 plans have expanded in the past decade
Here's a list of the costs that have become qualified expenses for 529 plans in the past decade.
Education still seen as important even as 529 awareness drops
The portion of respondents who correctly identified a 529 plan as an education savings tool came in at its lowest level since 2020, an Edward Jones survey shows.
Legislation would allow use of 529 funds to finance training for CFP credential
The American Institute of CPAs is also backing the measure because it would cover expenses related to the CPA exam.
Thank you, SECURE 2.0, for 529-to-Roth IRA rollovers
While the legislation provides an attractive option for families who end up not needing the money in a 529 plan, it's not clear how many will be eligible to use it.
Morningstar gives top grades to Michigan, Utah 529 plans
The annual analysis of state-sponsored college savings plans also shows a trend toward fee compression.
Parents getting schooled on 529 plans as kids return to campus
This year's slide in stocks and bonds hasn't been pleasant for anyone, but it's been most disheartening for those with kids heading off to college this fall.
Betterment pushes into student loan debt with new tools
In the company’s first foray into the 529 space, the Student Loan Management platform allows workers with a Betterment 401(k) to view their loans alongside their other financial accounts.
Inflows into 529 plans up 10% in 2021
Net inflows increased to $8.5 billion in 2021 from $7.7 billion in 2020.
Brokerages pay $5 million in restitution for 529 plan violations
LPL, Wells Fargo and three Advisor Group firms avoided penalties for 'extraordinary cooperation' with Finra's investigation.
Morningstar’s best and worst 529 plans
As of August, 529 programs represented about $437 billion in assets, according to the investment research firm. The rankings include 62 total plans, accounting for about 97% of the industry by assets.
J.P. Morgan cuts off sales charges in 529 plans
The company's decision is in line with overall trends toward fee-based compensation but also hints at the influence of the SEC’s Regulation Best Interest on the 529 plan market.
Assets in 529 plans now more concentrated among several firms
The 529 market can be more difficult to break into than the 401(k) world, which has an abundance of small plans that can be eager to hire fintech providers. States hiring 529 managers aren't likely to consider firms that don’t have track records.
Many Americans don’t know what a 529 plan is
Only 36% of Americans were able to identify a 529 as an education savings tool, and only 20% of parents say they have used a 529 account or are planning to use one.
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