PRESS RELEASE
Treasurer Fitzpatrick Announces READYSAVE 529, an Education Savings App for MOST 529 Account Owners
Jefferson City, MO –Missouri State Treasurer Scott Fitzpatrick today
announced the launch of READYSAVE 529, a new education savings mobile
application for MOST 529 account owners. “Since becoming Treasurer in
2019, I have been focused on making MOST, Missouri’s 529 Education Plan, as cost
effective and accessible as possible,” Treasurer Fitzpatrick said. “We know
that more and more Missourians are accessing their finances on their phone—that’s
why I have pushed for a mobile app for MOST. I am pleased that Missouri is at
the forefront of developing this app that puts saving for education at your
fingertips.” In the initial release, READYSAVE
529 users can view their account balance, transaction history, and investment
allocations. Additional features include the option to make a one-time contribution
or set up recurring transactions, as well as the option to see how savings
stack up versus peers in the same plan. The app is available for download in
the Apple
and Google Play
app stores. MOST,
Missouri’s 529 Education Plan, is a tax-advantaged savings plan for education
expenses. Money in MOST accounts can be used to pay for K-12 tuition, and
trade, college, and graduate school tuition and expenses. Contributions are
eligible for state tax deductions, which can save families up to $864 a year,
and assets in MOST 529 accounts grow tax free. In June, Treasurer Fitzpatrick
announced changes
to the MOST 529 Plan that save Missourians millions of dollars in program
management fees. More information about MOST 529
can be found at MissouriMost.org. ### Follow the Treasurer’s Office on Twitter,
Facebook, and Instagram @motreasurer.
