Missouri 529 plan

Missouri 529 Plan:


 * Open to Residents
 * Open to non-residents

Program match on contributions: None

State tax deduction or credit for contributions: Contributions to any Missouri or non-Missouri 529 plan of up to $8,000 per year ($16,000 per year for a married couple filing jointly) are deductible in computing Missouri taxable income. Only contributions made by the account owner are deductible, except for spouses filing a joint return. Rollover contributions are not deductible. Contribution deadline is December 31 postmark.

Age-based investment options: The Age-Based option is offered in three different risk levels (Aggressive, Moderate, and Conservative) each containing five portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the risk level selected and the number of years to expected enrollment, and later reassigned to more conservative portfolios as the beneficiary approaches college age.

State tax recapture provisions:

The principal portion of rollovers and nonqualified withdrawals from this plan are included in Missouri taxable income to the extent of prior Missouri tax deductions. A rollover that is a not a direct trustee-to-trustee rollover is considered a nonqualified withdrawal for Missouri tax purposes.

Static investment options: Select among 8 multi-fund portfolios and 7 individual-fund portfolios. The Guaranteed Option managed by TIAA-CREF is retained for existing investments until June 2010.

Single Portfolios- The ER for all portfolios is 0.62%

Expenses: 0.62% - 1.51%


 * Direct link to 529 Plan site
 * Plan document

529 Plan Pages

 * 529 Plans
 * 529 Plans Indexed Options
 * 529 Plan Account Transfers‎
 * 529 Plan Recapture Tax on Rollovers
 * Collegesure 529 Tuition Indexed Programs

Links

 * Morningstar Overview
 * State Creditor Protections for 529 Plans