DES MOINES, IA (05/09/2012)(readMedia)-- State Treasurer Michael L. Fitzgerald's comments in a letter to the editor released statewide last week regarding college affordability is part of a blog posted on the White House website. To read the entire blog, go to http://www.whitehouse.gov/blog/2012/05/08/iowa-state-treasurer-michael-fitzgerald-let-s-invest-our-youth-don-t-double-their-ra.

"This is quite an honor to have the President and his staff take quotes from my recent letter to the editor," Fitzgerald stated. "I have worked for years helping families make college affordable by saving through College Savings Iowa. But not all families can save for all expenses and many students turn to student loans. We need to ensure that those students do not pay an additional price."

You can read the Treasurer's entire letter to the editor by going to iowatreasurer.gov.

DES MOINES, IA (05/07/2012)(readMedia)-- State Treasurer Michael L. Fitzgerald is looking for over one million people who are owed over $239 million. The spring publication of the Great Iowa Treasure Hunt is scheduled to begin soon and includes thousands of names that have been received in the last year. Fitzgerald wants Iowans to know they do not have to wait much longer to see if they have extra funds coming to them in the form of unclaimed property.

"We look forward to the spring publication every year," said Treasurer Fitzgerald. "Our goal is to locate the rightful owners of the unclaimed property. I'm sure that when we publish the new list, a lot of individuals will be pleasantly surprised." Treasurer Fitzgerald would also like to remind individuals that they do not have to wait for publication to begin to see if they have unclaimed property. "Individuals can go to www.greatiowatreasurehunt.com and search the entire Great Iowa Treasure Hunt list for their names anytime. It just makes sense to check."

The Great Iowa Treasure Hunt program has returned over $143 million in unclaimed property to more than 359,000 individuals since Fitzgerald started it in 1983. Unclaimed property refers to money and other assets held by financial institutions or companies that have lost contact with the property's owner for a specific period of time. State law requires these institutions and companies to annually report and deliver unclaimed property to the State Treasurer's Office, where it is held until the owner or heir of the property is found. Common forms of unclaimed property include savings or checking accounts, stocks, uncashed checks, life insurance policies, utility security deposits, and safe deposit box contents.

Everyone is encouraged to keep watch for the upcoming publication coming soon to papers across the state. In the meantime, all Iowans are urged to visit www.greatiowatreasurehunt.com and check to see if they have unclaimed property. Individuals may also send an email to foundit@iowa.gov. For those who prefer corresponding by mail, please write to: State Treasurer Michael L. Fitzgerald, Great Iowa Treasure Hunt, Lucas State Office Building, Des Moines, IA 50319. Please make sure to provide current name, previous names and addresses.

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DES MOINES, IA (05/03/2012)(readMedia)-- State Treasurer Michael L. Fitzgerald has once again solicited the help of Visa Inc. and the NFL to launch a statewide initiative to enhance the money management skills of Iowa teenagers. Thanks to this special partnership, high schools across the state will be provided with a useful means for teachers to offer financial education to the students. This tool, Financial Football, is an interactive money management computer game with an NFL theme.

"I think we can all agree that knowing how to manage the money you have is every bit as important as being able to earn it," stated Fitzgerald. "Financial Football is a great way to get students interested in personal finances and give them a fiscal playbook they can use the rest of their lives."

To kick start the program, Treasurer Fitzgerald, along with Vikings linebacker Chad Greenway, met with students at Lincoln High School in Des Moines last week. Together, they shared some valuable information about financial literacy and then led Lincoln students in an exciting game of Financial Football. Copies of the game have been sent out to all Iowa high schools. It can also be found at www.iowa.financialfootball.com.

"As State Treasurer, I am committed to providing Iowans access to unbiased financial information and education programs that can help improve their lives," Fitzgerald explained. "It is important that all Iowans know how to handle their finances. Equipping our youth with financial knowledge now will foster responsible behavior into adulthood."

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DES MOINES, IA (05/01/2012)(readMedia)-- State Treasurer Michael L. Fitzgerald is asking Iowans to celebrate 529 Day on May 29 by exploring the benefits of using a 529 plan, such as College Savings Iowa, to save for their loved ones future higher education expenses. "We want parents to know it's never too early to start planning for their child's education," Fitzgerald said. "As a way to raise awareness about 529 plans, families are able to gain a jump start on saving for their child's future education by registering, during the month of May, for the chance to win a free $1,000 College Savings Iowa account." For more information and to enter the giveaway, please visit www.my529iowaplan.com.

May 29 was declared 529 Day in order to help bring attention to the fact that saving for college is one of the most significant things families can do for the children in their lives. Those who begin putting away money early and save little by little can, over time, make their college savings add up to a significant amount. Because saving for future educational expenses is so important, Iowa families are encouraged to consider opening a College Savings Iowa account for a special child in their life.

College Savings Iowa offers families a tax advantaged way to save money for their children's higher education. It only takes $25 to open an account, and anyone - parents, grandparents, friends and relatives - can invest in College Savings Iowa on behalf of a child. Participants who are Iowa taxpayers can deduct contributions up to $2,975 per beneficiary from their 2012 adjusted gross income, and there are no income or residency restrictions.*

Investors can withdraw their investment federally tax-free to pay for qualified higher education expenses including tuition, books, supplies and certain room and board costs at any eligible college, university, community college or accredited technical training school in the United States or abroad. To learn more about College Savings Iowa, please visit www.myiowa529plan.com or call 1-888-672-9116.

*Adjusted annually for inflation. If withdrawals are not qualified, the deductions must be added back to Iowa taxable income. The Earnings portion of nonqualified withdrawals may be subject to federal income tax and a 10% federal penalty tax, as well as state and local income taxes. The availability of tax or other benefits may be contingent on meeting other requirements.

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Investment returns are not guaranteed and you could lose money by investing in the plan. Participants assume all investment risks as well as the responsibility for any federal and state tax consequences. If you are not an Iowa taxpayer, consider before investing whether your or the designated beneficiary's home state offers any state tax or other benefits that are only available for investments in such state's qualified tuition program.

For more information about the College Savings Iowa 529 Plan, call 888-672-9116 or visit www.collegesavingsiowa.com to obtain a Program Description. Investment objectives, risks, charges, expenses, and other important information are included in the Program Description; read and consider it carefully before investing.

DES MOINES, IA (04/10/2012)(readMedia)-- State Treasurer Michael Fitzgerald wants to encourage Iowans to make the most of their tax refunds this year by investing in College Savings Iowa. "Much like the April 17 deadline for taxes, the time to save for college is over before you know it," said Fitzgerald. "Put your refund to good use and start saving for a loved one's future educational needs today. By starting early, saving a little at a time and making smart investment choices, families can make their savings work for them."

College Savings Iowa is designed to provide families a tax-advantaged way to save money for their children's higher education. It only takes $25 to open an account, and anyone - parents, grandparents, friends and relatives - can invest in College Savings Iowa on behalf of a child. Participants who are Iowa taxpayers can deduct contributions up to $2,975 per beneficiary from their 2012 adjusted gross income, and there are no income or residency restrictions.* Investors can withdraw their investment federally tax-free to pay for qualified higher education expenses including tuition, books, supplies and certain room and board costs at any eligible college, university, community college or accredited technical training school in the United States or abroad.**

Saving for a child's education is always a smart investment, and College Savings Iowa is there to help. To learn more about College Savings Iowa or to open an account, please visit www.collegesavingsiowa.com or call 1-888-672-9116.

*Adjusted annually for inflation. If withdrawals are not qualified, the deductions must be added back to Iowa taxable income.

**Earnings on non-qualified withdrawals may be subject to federal income tax and a 10% federal penalty tax, as well as state income taxes. The availability of tax or other benefits may be contingent on meeting other requirements.

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Investment returns are not guaranteed and you could lose money by investing in the plan. Participants assume all investment risks as well as responsibility for any federal and state tax consequences. If you are not an Iowa taxpayer, consider before investing whether your or the designated beneficiary's home state offers any state tax or other benefits that are only available for investments in such state's qualified tuition program.

For more information about the College Savings Iowa 529 Plan, call 888-672-9116 or visit www.collegesavingsiowa.com to obtain a Program Description. Investment objectives, risks, charges, expenses, and other important information are included in the Program Description; read and consider it carefully before investing.

DES MOINES, IA (03/22/2012)(readMedia)-- State Treasurer Michael Fitzgerald announced today the refunding of Iowa's school infrastructure bonds. Iowa issued school infrastructure bonds in 2001 to provide $50 million in grants to help fund the renovation and repair of existing school facilities and the construction of new additions. The bonds will be paid off with proceeds of new bonds issued at a lower interest rate. The refunding transaction, which involved issuing $21 million in bonds at 1.94%, lowered the state's interest rate by almost 2.5%. "This transaction is a lot like refinancing your house. It will save the State $4.3 million over the next nine years." stated Fitzgerald. "Iowa's strong financial position and historically low interest rates made the refunding a great success."

As part of the process to sell the bonds, Iowa made credit presentations to the three largest rating agencies: Standard and Poor's, Moody's and Fitch. In addition to rating the bonds, Iowa's overall AAA credit rating was affirmed. "Iowa has a great story to tell. Our careful approach to financial management, resilient economy, and low debt burden have helped make us one of only eight states to be rated AAA by all three rating agencies," Fitzgerald stated.

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Schools across the state are invited to participate in Prepare for the Basics give-away.

DES MOINES, IA (03/07/2012)(readMedia)-- State Treasurer Michael L. Fitzgerald is offering free pencils to schools across Iowa for use in Kindergarten Round-Up through the Prepare for the Basics program. "Our schools know inviting families to check out their school six months before the school year begins will help kindergarteners prepare for their big transition," Fitzgerald said. "We offer the pencils as a small gesture of support for our schools." In addition to the pencil, this free program will provide information about College Savings Iowa, the state-sponsored 529 plan created to help Iowa families meet the increasing costs of higher education.

College Savings Iowa lets anyone - parents, grandparents, friends and relatives - invest for college. Iowa taxpayers can deduct up to $2,975 in contributions per beneficiary account from their adjusted gross income in 2012.* Investors do not need to be a state resident and can withdraw their investment tax-free to pay for qualified higher education expenses including tuition, books, supplies and room and board at any eligible college, university, community college or accredited technical training school in the United States or abroad.** For more information about College Savings Iowa, visit www.collegesavingsiowa.com or call 1-888-672-9116.

Elementary Principals interested in taking part in the Prepare for the Basics program are urged to register online by visiting www.treasurer.state.ia.us. They can register by clicking on the Education tab and then going to the Prepare for the Basics Campaign. To guarantee timely arrival, materials should be requested at least two weeks in advance. They will be delivered directly to the participating schools. Supplies are limited, so early registration is advised.

*Adjusted annually for inflation. If withdrawals are not qualified, the deductions must be added back to Iowa taxable income.

**The earnings portion of nonqualified withdrawals may be subject to federal income tax and a 10% federal penalty tax, as well as state and local income taxes. The availability of tax or other benefits may be contingent on meeting other requirements.

Investment returns are not guaranteed and you could lose money by investing in the plan. Participants assume all investment risks as well as responsibility for any federal and state tax consequences. If you are not an Iowa taxpayer, consider before investing whether your or the designated beneficiary's home state offers any state tax or other benefits that are only available for investments in such state's qualified tuition program.

For more information about the College Savings Iowa 529 Plan, call 888-672-9116 or visit www.collegesavingsiowa.com to obtain a Program Description. Investment objectives, risks, charges, expenses, and other important information are included in the Program Description; read and consider it carefully before investing.

DES MOINES, IA (03/05/2012)(readMedia)-- State Treasurer Michael Fitzgerald met with the family of a lucky Grinnell Kindergartner on Friday to present a $200 College Savings Iowa account plus a Paul Rhodes autographed football. Nolan Andersen, age six, was chosen to receive the award after his grandfather, Don, entered him for the giveaway on the College Savings Iowa's website.

"With college tuition rates rising faster than inflation, saving for college is not an easy task these days," Fitzgerald said. "As the saying goes, your best defense is a good offense. And what better offense is there than saving early? It is one of the most significant things a family can do to help make college a reality for their child. It can reduce a parent's need to borrow to cover educational expenses, which can help them - and their child - get through college with less debt."

College Savings Iowa offers a convenient, affordable, tax-advantaged way for families to start saving for their children's education. It takes just $25 to open a College Savings Iowa account, and anyone - parents, grandparents, friends and relatives - can invest on behalf of a child. Participants who are Iowa taxpayers can deduct contributions up to $2,975 per beneficiary account from their adjusted gross income in 2012 and there are no income or residency restrictions.*

Investors do not need to be a state resident and can withdraw their investment federally tax-free to pay for qualified higher education expenses including tuition, books, supplies and certain room and board costs at any eligible college, university, community college or technical training school in the United States or abroad. To learn more about College Savings Iowa, go to www.collegesavingsiowa.com or call 1-888-672-9116.

*Adjusted annually for inflation if withdrawals are not qualified, the deductions must be added back to Iowa taxable income. The earnings portion of nonqualified withdrawals may be subject to federal income tax and a 10% federal penalty tax, as well as state and local income taxes. The availability of tax or other benefits may be contingent on meeting other requirements.

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Families can register to win one of five $529 College Savings Iowa Accounts.

DES MOINES, IA (03/01/2012)(readMedia)-- State Treasurer Michael L. Fitzgerald is encouraging Iowans with young children to start thinking about saving for their children's future higher educational expenses. "As a way to raise awareness about the importance of saving for higher education we have teamed up with daycares across the state to get information into the hand of parents," Fitzgerald said. "Throughout the month of March, parents are able to register their children to win one of five $529 College Savings Iowa accounts. I would like to thank all of the daycares who volunteered to take time out of their busy days to pass this information on."

After their daycare is registered to participate, families can visit www.iowa529contest.com to enter their children in the contest. Once there, they should select the Daycare Giveaway and enter their information, including selecting their daycare from the dropdown menu. At the end of the giveaway, five children will be randomly selected from across the state to win.

College Savings Iowa is an affordable, tax-advantaged option for families who are saving for their children's higher education. It takes just $25 to open a College Savings Iowa account, and anyone - parents, grandparents, friends and relatives - can invest on behalf of a child. Participants who are Iowa taxpayers can deduct contributions up to $2,865 per beneficiary account from their adjusted gross income in 2011 and there no income or residency restrictions.*

Investors do not need to be a state resident and can withdraw their investment federally tax-free to pay for qualified higher education expenses including tuition, books, supplies and certain room and board costs at any eligible college, university, community college or technical training school in the United States or abroad. To learn more about College Savings Iowa, go to www.my529iowaplan.com or call 1-888-332-7545.

*Adjusted annually for inflation if withdrawals are not qualified, the deductions must be added back to Iowa taxable income. The earnings portion of nonqualified withdrawals may be subject to federal income tax and a 10% federal penalty tax, as well as state and local income taxes. The availability of tax or other benefits may be contingent on meeting other requirements.

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The National Financial Capability Challenge runs from March 12 to April 13, 2012

DES MOINES, IA (02/29/2012)(readMedia)-- State Treasurer Michael L. Fitzgerald is getting the word out about a new program that will boost the financial literacy of Iowa's high school students. The State Treasurer's Office is partnering with the U.S. Department of the Treasury and the U.S. Department of Education to introduce the National Financial Capability Challenge, a program that focuses on helping students increase their financial knowledge. The Challenge, which runs from March 12 through April 13, is a free, voluntary online series of financial questions for high school students to check their knowledge of earning, spending, saving, borrowing, risk protection and more.

"Financial literacy has always been one of my office's most important initiatives, so I'm glad we were given the opportunity to help implement this program," said Fitzgerald. "The Challenge is a great opportunity for participating Iowa high schools. The test and the toolkit used to prepare for it are found online, making it easy to use, and the Challenge itself is quick - it only takes 30 minutes to take. Even though it doesn't take much time to participate in the program, the lessons students learn from it will last them a lifetime. I encourage all high schools to take advantage of this opportunity."

Educators don't need to be math or personal finance teachers to register their students to participate. To register, educators should visit www.challenge.treas.gov. After signing up, they are encouraged to help spread the word about the Challenge by using the tools provided through the website. After the program concludes, educators and top-scoring students in each school will earn personalized award certificates, and states with the highest participation will also be recognized.

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