Correction to the Missouri MO$T Article in the March Issue of The ASSET

Effective August 28, 2006, MO$T requires that a contribution be held in the account for 12 months before withdrawal to pay college costs—otherwise Missouri tax penalties apply. At April 3, 2007, this change in the law is not mentioned anywhere on the MO MO$T web site—it is not listed under “What’s New” and is not in the “Program Description” booklet.