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3Q 2017 529 & ABLE Data Highlights

(November 14, 2017) - Assets in 529 college savings plans rose to $282 billion in Q3 2017, up from $276 billion in the previous quarter. Assets in prepaid plans grew to $24 billion and there were 13,190 ABLE accounts invested in $48.5 million, according to new data from Strategic Insight.

ABLE plan contribution limits higher for 2018

(November 2, 2017) - The IRS recently announced an upcoming increase to the annual gift tax exclusion. In 2018, gifts of up to $15,000 per beneficiary will qualify for the exclusion, up from $14,000 in 2017. Each ABLE account will be able to accept up to $15,000 in aggregate contributions.

2Q 2017 529 & ABLE Data Highlights

(August 16, 2017) - According to 2Q17 data from Strategic Insight, assets in 529 college savings plans increased by 4% over last quarter, and increased 13.8% over the past year. Assets in prepaid plans grew to $24 billion, and ABLE accounts grew to 10,358 accounts with in $36.9 million in total assets.

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