Missouri MOST 529 College Savings Plan

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Missouri 529 College Savings Plan

Missouri MOST 529 Plan (MOST529)

MOST provides investors with a large number of investment portfolios that should cover just about anyone's desires. Included are three age-based portfolios whichmove towards more conservative investments as the beneficiary approaches college age. There are also 14 individual portfolios ranging from the very conservative to several using mutual funds which are 100% invested in stocks.

Though anyone can open a Missouri MOST 529 Plan, the tax benefits make it more advantageous for Missouri residents. For anyone, the assets grow tax deferred and as long as they are used for approved educational benefits, the earnings will be federal and Missouri tax-free. Additionally, Missouri taxpayers can claim up to an $8,000 deduction off their Missouri taxable income ($16,000 for couples filing jointly).

For more information on the MOST529 Plan, visit the Missouri MOST 529 College Savings Plan website. You should also check with a financial advisor and tax advisor to see if a 529 investment is right for you.

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