BLOGS. November 10, 2023
Exploring the Modernization of 529 College Savings Accounts
For years, 529 college savings accounts have been a staple in education planning, but recent legislative changes have ignited new interest in these products. The proposals have broadened the scope of 529 accounts, allowing them to cover a wider range of education expenses and even permitting the use of funds for student loan payments or conversion into Roth IRAs. With the evolving landscape of 529 accounts, the introduction of 529s into a broker-controlled model (by holding these products omnibus) helps to streamline the investment process for both broker-dealers and their end clients.
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