PRESS RELEASE
Treasurer Fitzpatrick Recognizes 529 Day
Jefferson
City, MO — Missouri State Treasurer Scott Fitzpatrick
today recognized National 529 Day, commonly celebrated on May 29 (5/29). The
day is used to raise awareness about 529 plans and the importance of saving for
education. “Here in Missouri, the MOST 529
Education Plan is a versatile, tax advantaged, savings and investment tool for
education,” Treasurer Fitzpatrick said. “The tax advantages mean a dollar saved
in a MOST 529 account can be worth far more when it is used for qualified
expenses—whether you save for years or months. I encourage all Missourians to
consider saving for education expenses with a 529 plan.” Throughout
the month of May, Missourians who open a MOST 529 account and schedule
recurring contributions will receive a $25 contribution to their new account.
Those who already save using a MOST 529 account will be entered in a grand
prize drawing of up to $5,290 when they increase or establish a recurring
contribution. For full rules and to learn more, visit MissouriMost.org/MoMoney. The Treasurer’s Office and MOST 529
are hosting a free webinar for those who wish to learn more about MOST 529 on
Saturday, May 29 at 11 a.m. Details and registration information can be found
here: https://ascensus.zoom.us/meeting/register/tZcocOqopj4tGt3hiacwiJqUOTdB7frrdBzr 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. Treasurer Fitzpatrick is
committed to making MOST as cost effective and accessible as possible. Earlier
this year, the Treasurer
announced the launch of READYSAVE™ 529, an education savings mobile application
for MOST 529 account owners. In 2020, Treasurer Fitzpatrick announced changes
to the MOST 529 Plan that save Missourians millions of dollars in program
management fees. The MOST 529 Plan is one of the
highest rated plans in the country, earning
a silver rating from research firm Morningstar. More information about MOST,
Missouri’s 529 Education Plan, can be found at MissouriMost.org. ### Follow the Treasurer’s Office on Twitter,
Facebook, and Instagram @motreasurer.
