We all want the children we love to have a bright future filled with promise, opportunity, and success. College can be a key building block for that future, but paying tomorrow's tuition bill requires careful planning today.
MOST -- Missouri's 529 Advisor Plan ("MOST 529 Advisor Plan" or "the Plan") has partnered with Upromise Investments, Inc. and Deutsche Asset & Wealth Management through DWS Investments Distributors, Inc., as sole distributor. The MOST 529 Advisor Plan is an easy way to save for higher education, with a number of valuable benefits:
- Federal and Missouri tax-deferred growth and tax-free qualified withdrawals.1
- A state income tax deduction for Missouri taxpayers of up to $8,000 ($16,000 if married, filing jointly) each year for contributions to their accounts in determining their Missouri adjusted gross income.2 If you live outside of the state of Missouri, contact your tax advisor to see if your state offers state tax or other benefits when investing in 529 plans sponsored outside of your home state.
- Flexible multi-managed investment options.
- Control over the account.
- Convenient online account access.
- Opportunities to save even more through Ugift® - Give College Savings and Upromise.®3
Start preparing for tomorrow's education today
They may be taking their first steps or learning to play catch, but college will be here before you know it. That's why the time to start saving for those big plans is right now. Throughout this site, you'll find resources and helpful information about saving for college. Your financial advisor is a valuable resource with insights that can help you achieve your goals. Don't hesitate to ask your financial advisor any questions you may have about your college savings strategy.
Ready to begin? Start here to learn more about 529 college savings plans.
1 Earnings on non-qualified withdrawals are subject to federal income tax and may be subject to a 10% federal penalty tax, as well as state and local income taxes. The availability of tax or other benefits may be contingent on meeting other requirements.
2 Contributions to the MOST 529 Advisor Plan in a tax year are deductible from Missouri state income tax up to certain limits, but are subject to recapture in subsequent years if you make non-qualified withdrawals.
3 Upromise is an optional service offered by Upromise, Inc., is separate from the MOST 529 Advisor Plan, and is not affiliated with the State of Missouri. Specific terms and conditions apply to the Upromise service. Participating companies, contribution levels and conditions subject to change at any time without notice. Transfers subject to a $25 minimum.