Marion County among leaders in state for college savings with state program
Anyone can open a MOST 529 account and assign a beneficiary. A 529 account is a type of investment account you can use for higher-education savings, which is usually sponsored by an individual state.
State data shows
The money accrued from the account can be used to pay for tuition, room and board, books, equipment and more.
Earnings grown are federally tax-deferred, qualified withdrawals are tax-free, and
Earlier in September, which is National College Savings Month, Schmitt announced a revamped outreach effort for the MOST 529 program aimed at driving greater participation and awareness. The plan offers federal and state tax benefits, low costs and flexible ways to contribute. There are currently more than 150,000 active MOST accounts with around
"We're working hard to get as many Missourians enrolled in the MOST 529 program as possible and this is one way for us to track our progress," Schmitt said.
For more information on the MOST 529 program, visit missourimost.org .
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