Spring 2024
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my529 to Roth IRA transfers with SECURE 2.0
SECURE 2.0 offers an exciting new opportunity—allowing my529 account owners to transfer funds to a Roth IRA. While still new, it is a simple process, and we are here to help answer any questions you may have. This guide helps determine if your clients have eligible funds to make a transfer—and lets them know how…
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How does your firm stack up?
Over the years, we have enjoyed many conversations with our advisors. We thought it might be worthwhile to share how my529’s advisor platform has grown and how other advisor firms use my529 in their practices, and answer some of the most frequently asked questions. Our team is proud to announce that advisor-assisted accounts at my529…
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Financial planning for children with special needs
my529 met Neil Mahoney at a recent event where he presented on the topic of financial considerations for families with special needs. It sparked quite a few questions from advisors in the audience, so we interviewed him to share his expertise with our advisors. How do you use your practice to better serve families with…
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The state of 529 tax advantages
Are incentives available where you live? As tax season approaches, it is important to inform your clients about state income tax deductions or credits for 529 contributions. Over 30 states offer a tax incentive for contributing to the 529 plan in an account owner’s state of residence. What about the other 20 states? Do they…
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What to do if a my529 account owner dies
Helping your clients manage the financial aspects of a loved one’s passing can be a difficult task. If the deceased was a my529 account owner, these steps need to be taken to ensure a smooth transition and to protect the funds in the account. 1. Notify my529: The first step is to notify my529 of…
For advisors in Utah
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Utah is changing—is your firm staying current?
As Utahns, we know the state is changing quickly. But we also know that your clients have many of the same questions and concerns that their parents did 30 years ago. If they work hard and save, can they have a solid financial foundation to raise their children and grandchildren? Some may have some new…
