UBS On-Air: Market Moves Navigating 529 Plans in New York and the Tri -State Area
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Oct 4, 2025 Kristia Adrian, Executive Director at J.P. Morgan and a 529 specialist, shares her expertise on navigating 529 plans in the Tri-State area. She explains the basics of 529 plans, recent legislative changes expanding their uses, and how they can benefit families. Discover the differences between direct-sold and advisor-sold plans and the significance of state tax deductions in New York, New Jersey, and Connecticut. Kristia also offers practical tips for optimizing education savings and highlights the importance of starting early.
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529s Offer Tax-Free Growth And Estate Benefits
- 529 plans are like Roth IRAs: after-tax contributions grow tax-deferred and withdrawals for qualified education are tax-free.
- Kristia Adrian emphasizes they also offer estate planning benefits and expanding qualified uses post-OBBB.
Use 529s For Expanded Education Costs
- Use 529 funds for broader education needs now allowed by the Big Beautiful Bill Act.
- Apply them to K–12 books, dual enrollment, skills training, and professional credentialing like CFA or CPA.
529s Are Nationwide (And Sometimes International)
- You can use any state's 529 plan at any eligible college listed on FAFSA, including some foreign schools.
- The plan's state of origin doesn't restrict where the beneficiary attends school.