Saving for Education The MOST 529 plan is a tax-advantaged savings plan for education expenses, including tuition, room and board, and textbooks. Contributions grow tax-deferred, and qualified withdrawals are federally tax-free. Missouri residents may also qualify for state tax deductions. Who Can Use a 529 Plan? Anyone! You can open a 529 plan for yourself, a spouse, … [Read more...] about MOST: Missouri’s 529 Education Plan
Show-Me How to Pay for College: Strategies for Financing a Post-Secondary Degree Trying to figure out how to pay for college can seem complicated and daunting, but it doesn't have to be. Join Missouri State Treasurer Vivek Malek, MOST 529, and Sallie Mae for insight on setting up a college-financing strategy so your family can be prepared. To learn more about savings, … [Read more...] about Show-Me How to Pay for College: Webinar April 30
Helping save for education. The MOST 529 plan is a tax-advantaged college savings plan sponsored by the state of Missouri. It allows individuals to save for education expenses for themselves, their children, or other beneficiaries. Contributions to the plan are invested in a variety of investment options, such as mutual funds, and earnings grow tax deferred. Withdrawals used … [Read more...] about MOST: Missouri’s 529 Education Plan
It’s an investment account designed to help families save for education. Most states sponsor their own 529 plan, often with special benefits for state residents. Easy to start. Easy to save. Open an account. There’s no minimum to start. Make saving automatic. Set up recurring contributions right from your bank account. Contribute at work. Sign up for payroll direct … [Read more...] about So, what is a 529 account?
Start smart with Missouri’s 529 plan. If you have kids, you have questions. And one of the big ones is, how will you save enough for their education? For starters, it’s important to understand that: It’s better to save than it is to borrow. In most cases, 529 savings won’t impact your child's eligibility for student aid. In all likelihood, you will have to pay some … [Read more...] about MOST- Missouri’s 529 Education Plan webinars