Save for your children's college and help MPTF at the same time!
The Montana Professional Teaching Foundation is dedicated to preparing students for their future as productive members of our communities.
For those who continue to college, it is imperative to start planning and saving early. Too many students graduate with a load of debt, and their parents are taking on debt when they should be thinking about retiring.
Much of this debt can be minimized or eliminated with a plan that includes early savings.
MPTF recently partnered with College Savings Bank, the program manager for the Montana Family Education Savings Program.
When MEA-MFT members sign up for the savings program through our web site, MPTF will receive a royalty for each deposit made.
These royalties will fund MPTF’s efforts to promote excellence in teaching and learning in Montana.
Act now! You are entitled to a $3000 tax deduction on taxable income per taxpayer or $6000 for those married, filing jointly based on contributions to the MFESP.
Please read the product information below about the College Savings Bank CD products. By enrolling through the link on this web site, you’ll help both MPTF and your college savings plans.
Here is the link: https://www.collegesavings.com/MPTF
Choose from three different CD options:
1. The CollegeSure CD is a variable rate certificate of deposit with an index tied to college inflation as measured by the College Board's Independent College 500® Index (IC 500).
2. The InvestorSure CD offers the upside of the S&P 500 without risking principal. Should the value of the S&P 500 decline over the investment period, the InvestorSure CD returns full principal at maturity.
3. The Fixed Rate CDs are designed for families that require a savings solution with a shorter time horizon. At a maturity of 1 or 3 years, you can use the funds to pay for qualified higher education expenses or re-invest in another College Savings Bank saving option.
Save the safe way. All College Savings plans offered feature FDIC insurance up to $250,000 per account held in the same capacity, making College Savings Bank the safe, affordable and effective way to meet your savings needs. All plans are principle guaranteed and FDIC insured up to $250,000 per account.
Plus, when you save for your loved one with a savings plan from College Savings Bank, you can enjoy favorable tax treatment. All earnings grow tax-free, and distributions to pay qualified education expenses are also tax-free.
There’s no better time than now to start saving for your family’s college education.
Find out more about these products at https://www.collegesavings.com/MPTF for more information or call a Client Service representative at 1.800.888.2723 to get started. Please be sure to identify yourself as a member of MEA-MFT.
More about the College Savings Bank and 529 college saving plans:
A 529 is an education savings plan, operated by a state or educational institution and designed to help families set aside funds for future college costs. It is named after Section 529 of the Internal Revenue Code, which created these types of savings plans in 1996.
These state plans are often managed by a financial services entity. College Savings Bank is program manager for the program in Montana, Arizona, and Indiana.