529 Plans
Get the latest news and analysis about 529 plans to help clients figure out the best plans to fit their needs.
529 savings plans on regulators' radar
By staff WriterIf you sell 529 college savings plans, now is the time to tighten your sales practices to ensure client suitability. That's because both the NASD and the SEC are cracking down on violations in sales of these popular programs. The NASD, for
January 18, 2008
IRS: Stop Using 529 Plans To Evade Gift TaxThe Internal Revenue Service wants to limit taxpayers' ability to make creative use of college savings program tax breaks.The IRS is getting ready to write ...
November 01, 2007
Assets in 529 Plans Grow; Some Changes to ComeThanks primarily to the 2006 Pension Protection Act, which made withdrawals from 529 college-savings plans exempt from income taxes, interest in 529 plans has been...
September 17, 2007
Fidelity Notes Sharp Rise in 529 Plan AssetsFidelity Investments, which manages seven different 529 plans across the country, reported Sept. 17 that more than 100,000 new 529 college savings plan accounts were...
March 18, 2007
Morningstar Rates The Best And The Worst 529 PlansBoomers putting their kids through college may be surprised to learn that there can be significant differences in the financial returns afforded by the many ...
February 27, 2007
They Shouldn't Have to AskAccording to a survey commissioned by Hartford Life, a large percentage of people are interested in 529 plans. However, the percentage of people that are actually offered a 529 program by their advisor is much lower. Conducted in early fall of 2006 by Opinauri, Inc., the survey interviewed 300 parents...
February 18, 2007
529s And Federal Budget ProposalsOther developments are occurring in Washington that could ultimately affect 529 sales, although professionals had varying views on their chances of threading their way through ...
February 18, 2007
PPA Gives 529 Plans A BoostSection 529 College Savings Plans have experienced a surge in growth as parents take advantage of provisions of the Pension Protection Act of 2006, industry ...