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Missouri’s 529 plan offers a smart way to begin saving for your child’s education, with significant tax advantages and flexibility. These plans allow you to start saving with no minimum investment, making it easy to contribute whatever you can. Your contributions grow tax-deferred, and when used for qualified educational expenses, such as tuition, books, and supplies, the withdrawals are tax-free, helping you keep more of your money. Additionally, all Missourians qualify for a state income tax deduction on contributions, making it a great way to save while reducing your taxable income.
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A 529 plan offers a wide range of investment options through trusted providers like Vanguard and Dimensional Fund Advisors (DFA), so you can choose an investment strategy that aligns with your financial goals and comfort level. One of the most notable advantages of the 529 plan is its remarkable flexibility. This versatile savings option can be utilized to cover tuition expenses for a wide range of educational institutions, including two- and four-year colleges, vocational schools, postgraduate programs, and apprenticeship programs. Additionally, it can be applied to tuition for K-12 private schools and won’t negatively impact eligibility for financial aid, making it an invaluable resource for families seeking to invest in their children's education. Ready to learn more? Schedule a meeting with a representative!
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Ease the back-to-school transition by creating a consistent routine a week before classes begin. Adjust bedtimes, plan meals, and set up a dedicated space for studying to help everyone feel prepared and stress free! |
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August is here, and for many, that means it’s time to start thinking about back-to-school season! Whether you’re preparing for your kids or yourself, getting organized can make the transition smooth and stress-free. Use this checklist to ensure you’re ready for a successful start to the school year: |
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Click the image above to enlarge and save. |
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Take a moment to go through this list, check off the items, and feel confident as the new school year begins. Consider making it a family activity. Engaging children in the process not only enhances their enjoyment but also fosters a sense of preparedness and responsibility.
Want to share your back-to-school tips? Email us at MOBenefits@oa.mo.gov and we might include them in next year’s feature!
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