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04.16.2008 9:12 am

Missouri gets plan off “worst” list

St. Louis Post-Dispatch

The broker-sold version of the Missouri Saving for Tuition plan is no longer on Morningstar’s list of worst college-savings plans. In releasing this year’s list, the analysis firm says:

… one of 2007’s worst, Missouri’s MOST 529 Advisor Plan, made its way off…

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02.15.2008 10:59 am

Illinois has one of the least costly college-savings plans

St. Louis Post-Dispatch

A new fee study by Joseph Hurley’s SavingforCollege.com finds that Illinois’ Bright Start is among the least costly college-savings plans. In fact, among plans that are available nationwide, only Ohio’s CollegeAdvantage  has lower costs than Bright Start. (Louisiana, Utah, Oregon and Kansas have cheaper options…

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10.08.2007 4:57 pm

High praise for Illinois college plan

St. Louis Post-Dispatch

It’s been a few months since we last wrote about the changes to Illinois’ BrightStart college-savings plan, but it’s becoming increasingly clear that Illinois parents are getting a good deal. A Morningstar.com  report says that BrightStart’s index-fund option “jumps immediately to the…

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08.29.2007 4:37 pm

Steelman claims a first for the second time

St. Louis Post-Dispatch

When Missouri Treasurer Sarah Steelman announced the addition of a “terror-free” fund to a state college-savings plan, she said it was the first such investment option of its kind.  A news release from UMB Financial Corp., which will manage the fund,…

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03.05.2007 4:44 pm

The high cost of market timing

St. Louis Post-Dispatch

In Morningstar’s broadside against Missouri’s MOST 529 Advisor plan, one of the  analyst Kerry O’Boyle’s  specific criticisms is that the plan charges “a rich 1.45% for the plan’s three ETF offerings.” These offerings turn out to be the much-ballyhooed asset-allocation portfolios run by…

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03.01.2007 9:21 am

MOST Advisor plan lands on “worst” list

St. Louis Post-Dispatch

Morningstar has some harsh criticism for the advisor-sold version of the Missouri Saving for Tuition (MOST) plan. On the analysis firm’s annual list of the best and worst college-savings plans, the Missouri offering ranks among the worst. Morningstar says:

Disappointingly, a new…

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01.05.2007 6:04 pm

Illinois gets lower-cost college plan

St. Louis Post-Dispatch

Big changes are in the works for parents who save for college through Illinois’ Bright Start Savings  plan. Outgoing state treasurer Judy Baar Topinka announced last month that the state will switch managers for the plan, moving from Legg Mason to Oppenheimer…

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12.14.2006 11:14 am

College plan will offer terror-free fund

St. Louis Post-Dispatch

Missouri’s college-saving plan will soon offer a mutual fund certified to be free of terrorism-connected investments, State Treasurer Sarah Steelman announced today in a Wall Street Journal opinion piece.  

The new investment option, available only to investors who use an advisor,…

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