my529 releases new Program Description

On August 17, 2018, my529 published a revised version of the Program Description with updated information that your clients need to know about participating in the tax-advantaged my529 educational savings plan.

The new Program Description replaces the July 14, 2017, Program Description and the February 5, 2018, Supplement.

Highlights include:

  • A refreshed design that gives the Program Description a friendly look across all sections.
  • Addition of the PIMCO Interest Income Fund, a stable value offering, into the underlying investments of the Age-Based options and as an available investment in the Customized options.
  • Information about K-12 tuition expenses as a qualified higher education expense.
  • Adding ABLE accounts as a permitted rollover destination from my529 accounts balances through December 31, 2025.

Check out the new Program Description.