529facts

KIDS AREN'T ALWAYS EASY. But understanding MOST 529 can be.

There are some hard and fast facts when you’re a parent. 5 a.m. is too early. Your bed is their bed. And not everything they bring home is “art.”

Also a fact: a MOST 529 is one of the best ways to save for your child’s education. And, get great tax savings.

Scroll down and explore 529 facts for a better, quicker understanding of just how flexible and financially smart saving with MOST 529 Education Plan can be.

Fact: IT’S NEVER TOO EARLY OR TOO LATE TO OPEN A MOST 529

See Why

Don't underestimate the value of time. The longer you keep your money invested, the more time it has to add up and potentially grow. See why saving early is even better. But know that any and every dollar you save in a MOST 529 Education Plan is one less you’ll have to come up with later. Making the right time to open one right now. (Whenever your “right now” is.)

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Fact: YOU CAN APPLY IT TO TUITION AND COLLEGE EXPENSES

Tell me more

Sure, you can use it for tuition. But you can also use it for college expenses like books, supplies, fees, computers, internet access, computer software, and other qualified higher education costs. The items just need to be used primarily by the student during enrollment or attendance at any eligible postsecondary school in the U.S. or abroad. Too bad you can’t use it to get them to call home regularly.

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Fact: USE IT ON A 2-4 YEAR COLLEGE, TRADE/GRAD SCHOOL, & K-12

FILL ME IN

It used to be a 529 could only be used for college. Now, you can help your child achieve almost any educational goal. You can use the plan for postsecondary trade and vocational school, apprenticeship programs, postgraduate programs, and K-12 private and religious institutions (tuition only). You can even use it for loan repayments. A MOST 529 Education Plan is too flexible not to take advantage of, regardless of your child’s education goals.

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Fact: YOU’LL SAVE ON YOUR TAXES – THREE WAYS

SEE HOW

Your 529 account money grows tax-deferred. Contributions are tax deductible on your Missouri state income taxes (up to $8,000/$16,000 if married filing jointly). And, you aren’t taxed on withdrawals to pay for qualified expenses. It’s like a win-win-win. Find out more about all the ways you can save on your taxes while saving for education.

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Fact: IF YOU DON’T USE IT YOU NEVER LOSE IT

READ ON

It’s always your money. You can stay invested in case your child decides to attend school later (there's no age limit on using the money). Or you can change the beneficiary to a sibling or other qualifying family member, even yourself, and put it towards additional education, grad school, or even take a withdrawal (non-qualified withdrawals result in a 10% tax penalty on earnings).

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Fact: IT ONLY TAKES ABOUT 10 MINUTES TO OPEN AN ACCOUNT

HOW SO?

Parents are beyond busy, so we made it easy to start saving. Just gather your personal information, choose your investment options and payment method, and voila. You’re saving on autopilot. In parenting terms, that’s less time than it takes for your kiddo to brush their teeth (plus the five times you ask them to). Here’s a Quick Guide to make opening an account even easier.

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Fact: USE IT IN ALL 50 STATES & ABROAD

REALLY? ANYWHERE?

Although you'll be investing in a 529 sponsored by Missouri, your student can attend any eligible education institution (including eligible trade schools and apprentice programs) in the United States or abroad. So whether you’re saying “bon voyage” or “see you next weekend,” the world is theirs with their MOST 529 Education Plan.

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Fact: YOU DON’T NEED TO BE A FINANCIAL GENIUS TO OPEN ONE

ARE YOU SURE?

Saving for college can be intimidating. That’s why there are options for every level of investor. Your choices will depend on how comfortable you are with risk and when you expect your student to need the money. Find out what type of investor you are, here.

Questions? Just call one of our Education Savings Specialists at 888.414.6678, M-F from 7 a.m. to 8 p.m. CST. They aren’t able to give you investment advice, but they can help you navigate getting started.

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Fact: YOU GOT THIS

Now that you understand more about how flexible and easy a MOST 529 Education Plan is, you’re ready to get started saving. Next, use our College Savings Planner to see exactly when and how you can reach your savings goal while saving on your taxes.

Every dollar saved now is one less you’ll need to come up with later.
And one more dream you helped them achieve.

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