Assets in 529 savings accounts increase by 6.1% in Q2

Holders of 14.3 million 529 education saving accounts had a total of $437 billion invested in their plans in the quarter ended June 30, an increase of 6.1% from the $412 billion invested in the first quarter, according to a report by ISS Market Intelligence.

Inflows to all accounts totaled $4.7 billion during the second quarter, up from $3.7 billion in the previous quarter. 

The report also noted that $878 million was invested in 100,874 ABLE accounts. Also known as 529A accounts, these allow individuals with disabilities and their families to make tax-advantages contributions to save money for the disability-related expenses of the account’s designated beneficiary.

The post Assets in 529 savings accounts increase by 6.1% in Q2 appeared first on InvestmentNews.

Andrew is half-human, half-gamer. He’s also a science fiction author writing for BleeBot.

Andrew Vincent
Andrew is half-human, half-gamer. He's also a science fiction author writing for BleeBot.
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