EDUCATIONAL CHECKLIST
This is an overview of the 529 plan in Missouri, and these are just some of the benefits that may apply to you. 529 Plan rules are regulated by the sponsoring state.The rules above are for 529 plans in Missouri as of this writing. Please call us at Capital Advisory Group about creating the right strategy for your family. Securities offered through Kestra Investment Services,LLC,(Kestra IS), member FINRA/SIPC.Investment Advisory Services offered through Kestra Advisory Services,LLC,(Kestra AS) an affiliate of Kestra IS. Capital Advisory Group,Inc. is not affiliated with Kestra IS or Kestra AS. There is no guarantee that the plan will grow to cover college expenses. In addition, depending upon the laws of your home state or designated beneficiary, favorable state tax treatment or other benefits offered by such home state for investing in 529 college savings plans may be available only if you invest in the home state’s 529 college savings plan. Any state-based benefit offered with respect to a particular 529 college savings plan should be one of many appropriately weighted factors to be considered in making an investment decision. You should consult with your financial, tax or other adviser to learn more about how state- based benefits (including any limitations) would apply to your specific circumstances and also may wish to contact your home state or any other 529 college savings plan to learn more about the features, benefits and limitations of that state’s 529 college savings plan. You may also go to www.collegesavings.org for more information. Know the 529 Plan Basics
L ast month, we shared some of the changes that the 529 plan has undergone in the last year. As we get closer to the school year and you are thinking about those tuition bills, here’s what you can consider when it comes to starting and using a 529 in Missouri. WHAT CAN IT BE USED FOR? • Any qualified education expense • Post-secondary trade and vocational schools • Two- and four-year colleges and universities • Post-graduate master’s and doctoral programs • K-12 public, private, and religious institutions Qualified education expenses include tuition and fees, books and supplies, room and board (when enrolled at least half time), and computer and related equipment.
WHO CAN CONTRIBUTE? • Anyone can contribute to a 529 plan for a child • Grandparents can contribute up to $15,000 per year tax-free • Invest up to $8,000 per year in the plan • Start saving anytime WHAT ARE POTENTIAL 529 BENEFITS? • Federal tax-advantaged earnings growth • Tax-free withdrawals • State tax deductions or credits on contributions • Full control of all funds in the accounts • No income limits on annual contributions For business owners, there may be additional options with even greater benefits available, so contact us to learn more.
Ingredients TAKE A BREAK HOMEMADE PEACH COBBLER From lilluna.com/peach-cobbler-recipe-tip-deal-video-of-the-week
• 15-ounce can of peaches • 1 cup flour • 1 cup sugar • 1 cup milk • 2 teaspoons baking powder
Directions • 1/2 cup butter • Pinch of salt
1. Preheat oven to 350 F. 2. Melt cube of butter in a 9 x 9 pan in oven. 3. In a medium bowl, mix flour, sugar, milk, baking powder, and salt. Mix well. 4. Take out the pan with the melted butter and pour batter mixture over it. Also pour can of peaches (with the juice) over it. Do not mix. 5. Bake for 30-35 minutes.
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