Throughout the month of May, nearly 11,000 Missourians entered to win the 529 College Savings Day giveaways, sponsored by MOST – Missouri’s 529 College Savings Plan. The $5,290 contribution to a MOST 529 account was required to benefit a child who was under the age of 18. State Treasurer Clint Zwiefel presented Steven Thompson of Camdenton and his family with a commemorative check on Thursday.
Press release from State Treasurer Clint Zweifel’s Office
State Treasurer Clint Zweifel presents Camdenton family with a $5,290 MOST account
JEFFERSON CITY – Missouri State Treasurer Clint Zweifel (ZWY-ful) announced today Steven Thompson and his family have won a $5,290 contribution into a MOST 529 account. The Thompson family, from Camdenton, Mo., visited Treasurer Zweifel at the Missouri State Capitol where he presented them with a commemorative check. Throughout the month of May, more than 10,900 Missourians entered to win the 529 College Savings Day® giveaway, sponsored by MOST—Missouri’s 529 College Savings Plan.
“May of this year was one of the biggest months for MOST 529 ever,” Treasurer Zweifel said. “I had the opportunity to speak with hundreds of students in schools across the state, and saw thousands of Missourians get excited about preparing for higher education. Saving for college can be intimidating but small, consistent investments over time can really pay off. Today, I am excited to give a huge boost to the Thompson family on their journey toward higher education.”
Missourians 18 years or older were able to enter online at MissouriMost.orgthroughout the month of May. The $5,290 contribution to a MOST 529 account was required to benefit a child who was under 18 years old.
Missourians can always sign up for a MOST 529 account at MissouriMost.org. You can open an account with as little as $25 and savings are tax-deferred. You may also customize your account to fit your investment preferences, with individual or age-based options.
More than $2 billion is invested in MOST 529 Direct Plan accounts by more than 129,000 account owners, both an all-time high. To learn more about MOST 529, visit MissouriMost.orgor call 888-414-MOST (888-414-6678). The MOST 529 Plan offers federal and state tax benefits, low costs and flexible ways to contribute.
About MOST 529
State Treasurer Clint Zweifel sponsors MOST 529, a tax-advantaged program that enables families to save for a child’s higher education. MOST 529 is an affordable, low-cost, tax-deferred way to save for higher education expenses. Investments in the plan can be used towards many qualified higher education expenses, including tuition, certain room and board expenses, books and mandatory fees at most four-year colleges and universities, many two-year institutions and vocational schools, and some schools abroad. In addition, savings in MOST 529 can be used towards associate’s, bachelor’s, and advanced degrees. Account owners may deduct up to $8,000 in contributions each year in computing their Missouri state income tax and married couples filing jointly may deduct up to $16,000 annually. Contributions to the Plan in a tax year are deductible from Missouri state income tax up to certain limits, but may be subject to recapture in subsequent years if you make a nonqualified withdrawal.
Investment returns are not guaranteed, and you could lose money by investing in the Plan.
Investment objectives, risks, charges, expenses, and other important information are included in this document; read and consider it carefully before investing. Vanguard Marketing Corporation, Distributor and Underwriter.
The Missouri Higher Education Savings Program (the “Program Trust”) is a trust created by the State of Missouri. When you invest in MOST—Missouri’s 529 College Savings Plan (the “Plan”), you are purchasing portfolio units issued by the Program Trust. Portfolio units are municipal securities. The Plan has been implemented and is administered by the Missouri Higher Education Savings Program Board (the “Board”). Ascensus Broker Dealer Services, Inc., and Ascensus Investment Advisors, LLC, serve as the Program Manager and Recordkeeping and Servicing Agent, respectively, with overall responsibility for the day-to-day operations. The Vanguard Group, Inc., serves as Investment Manager for the Plan. Vanguard Marketing Corporation, an affiliate of The Vanguard Group, Inc., markets and distributes the Plan. The Plan’s portfolios, although they invest in mutual funds, are not mutual funds.
529 College Savings Day is a registered service mark of Ascensus Broker Dealer Services, Inc. Used with permission.