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Treasurer Fitzpatrick Recognizes 529 Day

Friday, May 28, 2021
Treasurer's name

 

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.

 

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