Missouri treasurer encourages Cape Central Middle School student - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

Missouri treasurer encourages Cape Central Middle School students to work hard

CAPE GIRARDEAU, MO (KFVS) - Missouri State Treasurer Clint Zweifel visited Cape Central Middle School Friday to talk to them about the importance of hard work.

Zweifel spoke to 350 fifth grade students about the importance of working hard in school, and how all their work now is an investment in their future.

"The basic formula is hard work obviously so we talked little bit about what hard work means, that means working hard even when the subject's difficult right," Zweifel Even when the material isn't your favorite making sure that you asked for help and ask questions, that all of us whether we're 40 years old or are in fifth grade, we still need help."

Treasurer Zweifel also met President Wesley Payne at Three Rivers College in Poplar Bluff. Zweifel toured the school's mobile labs in which they train students on manufacturing. As part of a grant awarded by the Department of Labor, Three Rivers will soon offer similar training programs in Welding and Precision Agriculture.

The treasurer's office is having a contest this month and your child could win money for college.

The MOST—Missouri's 529 College Savings Plan is sponsoring a poster contest in which two lucky grand prize winners will receive a $1,500 contribution into a MOST 529 account.

During the month of September, K-5 students will have a chance to compete for one of two grand prize $1,500 MOST 529 accounts. To win, students must draw a picture depicting what they want to be when they grow up. Winners will be chosen for a grade K-2 age group and a grade 3-5 group. After the grand prize winners are chosen, MOST will nominate 10 posters for a “people's choice award” in each age group. Facebook users will have a chance to go to MOST 529's Facebook page and vote on their favorite. The people's choice winners will each win $529 contributions to a MOST 529 account. Complete instructions for the contest are available at MissouriMost.org.

MOST 529 is a tax-advantaged program that enables families to save for a child's higher education.  Investments in the plan can be used toward qualified higher education expenses, including tuition, certain room and board expenses, books and mandatory fees at most four-year colleges and universities, many two-year institutions and vocational schools, and some schools abroad. Savings in MOST 529 can be used toward associate's, bachelor's, and advanced degrees. Account owners may deduct up to $8,000 in contributions each year in computing their Missouri state income tax and married couples filing jointly may deduct up to $16,000 annually. Contributions to the Plan in a tax year are deductible from Missouri state income tax up to certain limits, but may be subject to recapture in subsequent years if you make a nonqualified withdrawal.

For more information about MOST—Missouri's 529 College Savings Plan, call 888-414-MOST or visit most529savings.com to obtain a Program Description, Privacy Policy, and Participation Agreement.

Copyright 2014 KFVS. All rights reserved.
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