College Savings...Creative Alternatives
A college savings plan that strikes the balance between saving, learning and fun. Offers free college tuition scholarships.
Wheaton, IL (PRWEB) October 2, 2004 -- The primary reason for not saving for
college is “affordability.” Most households don’t believe they have the
discretionary income to save. Here are a few creative alternatives to “avoid”
saving for a child’s education now:
* Encourage your child to attend a
public community college first and later transfer to their college of
choice.
* Encourage enlistment in the Armed Forces for educational and
disciplinary training.
* Suggest taking time off from school to pursue
employment to pay for their own college expenses.
* Hit up your 401k
Retirement Account.
* Refinance or take out a second mortgage on your
home.
“These strategies, although creative, are poor alternatives to
starting a savings plan now” says Bob Bacarella, President, Monetta Financial
Services, Inc. “The key is to save something now, to offset this future college
cost and minimize the long-term financial burden.”
The Monetta mutual
funds has developed a college savings and learning program that is affordable,
has a minimal principal risk investment alternative, provides a free guaranteed
tuition scholarship and a unique financial literacy
program.
Accounts may be opened
with a minimum $250 deposit and a $25 monthly automatic investment plan (AIP)*.
Also, shareholders can accumulate up to $15,600 in a guaranteed Tuition Rewards™
Program and automatically participate in a fun and educational college savings
plan.
To learn more about this program, please call 1-800-Monetta or
email us at mailto:e-mail protected from spam bots.
*AIP Disclosure: The
automatic investment plan program involves continuous investment in securities
regardless of fluctuating price levels and investors should consider their
financial ability to continue purchases through periods of low price levels. An
AIP program does not assure a profit and does not protect against a loss in
declining markets.
The fund's investment objectives, risks, charges and
expenses must be considered carefully before investing. The prospectus contains
this and other important information about the investment company, and it may be
obtained by calling 1-800-Monetta, or visiting www.monetta.com. Read it
carefully before investing.
All investments, including those in mutual
funds, have risks and principal loss is possible.
Tuition Rewards™ is a
registered trademark of SAGE Scholars. This trademark has been licensed for use
by the licensee. For further information about SAGE and a complete list of
participating colleges, please visit www.sagescholars.com.
Distributed by Quasar
Distributors LLC.
Monetta Mutual Funds
1776-A South Naperville Road •
Wheaton • Illinois • 60187 • 1-800-Monetta
For more information call Keri
Cronin (630)-462-9800
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Source : http://www.prweb.com/releases/2004/10/prweb163741.htm