Investing For Retirement Or College... Which Is More Important?
Most parents will elect to save for their own retirement over college, not because they don't care about their own children, but rather because college expenses can be offset by scholarships or student loans. Monetta give parents the opportunity to do both.
WHEATON, IL (PRWEB) August 15, 2005 -- August 15, 2005--Since most families
have limited financial resources to save for multiple goals, it is important to
prioritize savings goals based on when funds are needed.
College costs
normally precede retirement needs, yet many parents elect to save for retirement
through 401-K plans or IRA's rather then start a dedicated college savings plan
for their children. Although most parents agree that they will help pay for
their children's college education, they do so only to a limited extent, leaving
their children to cover the rest either through scholarships or student loans.
In fact, according to the 2002 National Student Loan Survey, which was sponsored
by the Nellie Mae Corporation, the average undergraduate debt is
$18,900.
The Monetta organization, through its no-load mutual funds
provides parents with an opportunity to not only invest for retirement, but also
automatically earn college tuition credits/scholarships equal to one-year’s
college tuition that can be applied to 172 colleges nationwide.
Retirement accounts, as well as any other accounts invested with Monetta
earns 5% annually in Tuition Rewards™ credits. These credits do not affect the
account value, never expire and can be used by any family members (including
relatives) for up to one year of college tuition cost per student.
The
college savings plan also teaches children basic financial life-skills that lead
to economic independence and disciplined saving habits. This no cost program
coupled with Monetta's educational resources is a comprehensive college savings
program that balances savings, learning and fun.
To receive a free
investment kit, which includes information about the Monetta College Savings
Program, call 1-800-MONETTA or visit www.monetta.com.
Monetta Financial Services, Inc. is
the investment advisor to the Monetta No-Load Mutual Funds. It is the sponsor of
a college saving program that includes college Tuition Rewards/Credits, student
scholarships, financial literacy program and incentive driven college savings
plan.
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.
While the funds’ are no-load, management
and distribution fees and other expenses may apply.
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.
Contact:
Robert Bacarella
630-462-9800
e-mail
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Source : http://www.prweb.com/releases/2005/8/prweb269963.htm