Treasurer Fitzpatrick Announces READYSAVE 529, an Education Savings App for MOST 529 Account Owners
Jefferson City, MO –Missouri State Treasurer Scott Fitzpatrick today announced the launch of READYSAVE 529, a new education savings mobile application for MOST 529 account owners.
“Since becoming Treasurer in 2019, I have been focused on making MOST, Missouri’s 529 Education Plan, as cost effective and accessible as possible,” Treasurer Fitzpatrick said. “We know that more and more Missourians are accessing their finances on their phone—that’s why I have pushed for a mobile app for MOST. I am pleased that Missouri is at the forefront of developing this app that puts saving for education at your fingertips.”
In the initial release, READYSAVE 529 users can view their account balance, transaction history, and investment allocations. Additional features include the option to make a one-time contribution or set up recurring transactions, as well as the option to see how savings stack up versus peers in the same plan. The app is available for download in the Apple and Google Play app stores.
MOST, Missouri’s 529 Education Plan, is a tax-advantaged savings plan for education expenses. Money in MOST accounts can be used to pay for K-12 tuition, and trade, college, and graduate school tuition and expenses. Contributions are eligible for state tax deductions, which can save families up to $864 a year, and assets in MOST 529 accounts grow tax free.
In June, Treasurer Fitzpatrick announced changes to the MOST 529 Plan that save Missourians millions of dollars in program management fees.
More information about MOST 529 can be found at MissouriMost.org.
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