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.
- 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.