Mississippi Treasurer David McRae was today sworn in as Vice President of the National Association of State Treasurers (NAST). McRae is the 55th Treasurer of the State of Mississippi. In this role, he helps manage the state’s cash flow, oversees College Savings Mississippi, and has returned more than $30 million in unclaimed money to Mississippians. “I am excited to bring … Read More
McRae: The IRS Has No Business Monitoring Your Bank Account
Under the Biden administration, the federal government’s role in our lives has become increasingly obtrusive, increasingly socialist, and increasingly concerning. What’s more, with the House of Representatives under Nancy Pelosi’s control and Chuck Schumer running the Senate, the executive overreach has gone unchecked. As a result, the Biden administration has begun forcing individuals across the country to be vaccinated – … Read More
Treasurer McRae: Mississippi Maintains Strong Credit Rating
State Treasurer David McRae today announced Mississippi has maintained its strong Aa2 credit rating from Moody’s. This helps ensure Mississippi has access to advantageous financing, saving taxpayers money. “As State Treasurer, I have a responsibility to do more with every taxpayer dollar spent, regardless of the economic environment in which we find ourselves,” said McRae. “Throughout the ups and downs … Read More
McRae: Back to School and Back to Saving
With each new school year, our family falls into new habits. We figure out new breakfast routines, new drop-off routines, new afterschool activity routines. It takes a bit of adjustment in the beginning, but soon enough it’s second nature. For many families, I think that’s similar to how they feel when they begin seriously saving for their child’s college. It … Read More
McRae Returns $50,000 to MDOT in Unclaimed Money
State Treasurer David McRae presented Mississippi Department of Transportation (MDOT) Executive Director Brad White with a check for unclaimed money worth more than $50,000. The funds owed to MDOT were turned over to the State Treasurer’s office from banks and other entities after sitting unclaimed for an extended amount of time. “Taxpayers intended for these funds to be used to … Read More
McRae: Why I Support the ABLE Age Adjustment Act
Throughout August (also known as ABLE to Save Month), my team and I have hit the pavement to talk about the benefits of an ABLE Savings Account for those with disabilities and their families. Since 2014, thousands of Americans have achieved greater financial stability as a result of these tax-advantaged savings accounts. But they do have their limits. Under the … Read More
McRae Calls on Congress to Pass the ABLE Age Adjustment Act
State Treasurer David McRae today called on Congress to pass the ABLE Age Adjustment Act. Currently, disabled Americans are eligible to open an ABLE savings account, if their disability presented before age 26. This is called the “age of onset.” If the ABLE Age Adjustment Act is passed, the age of onset would be pushed to 46 years old, giving … Read More
McRae: Did I wait too long to save for my child’s college education?
By the time your child is nine years old, they are halfway to college. As the father of a 10-year-old, that’s a pretty startling sentence to write, but I think it helps put it in perspective for a lot of us parents who think we have an eternity until their kids are old enough to live independently. That said, many … Read More
McRae: ABLE to Save Month
August is ABLE to Save Month, a time to highlight a savings program that is very special to me and the entire team at the State Treasury. For those who are unfamiliar with the ABLE Savings Program, prior to 2014, Americans with disabilities were extremely limited in how much they were able to save. In fact, just $2,000 in savings … Read More
McRae: Preparing for the Unexpected
How prepared are you for the unexpected? Let’s face it: Life happens. You lose your job. There’s an unexpected medical bill or an unplanned home repair. Do you have enough money to cover those things if they happened tomorrow? For many, the answer is no. Most banks and financial gurus advise having an emergency fund that can cover three months … Read More