Monetta Young Investor Fund
  
Monetta Young Investor Fund
1776-A S. Naperville Road, Suite 100
Wheaton, IL 60189 Toll Free (866)-964-4683
  
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Monetta Young Investor Fund College Options
A Comprehensive college savings program includes various types of saving plan options, investment choices and tax considerations. There are three basic types of college savings plans, a 529 Plan, Coverdell Educational Savings Account and UGMA/UTMA custodial accounts.

Each plan option has certain tax advantages, maximum contribution levels, withdrawal restrictions and account ownership considerations. At a minimum, a parent should consider establishing either an UGMA/UTMA and/or a Coverdell Education Savings Account, knowing that these funds can be used for qualified elementary and high school expenses in addition to college cost.

For qualified college expenses, a 529 Plan has the advantage of high contribution levels that are excluded from the donor's estate while the donor maintains the ownership and control of the assets. A combination of these accounts can effectively be used to meet your funding objectives as outlined below:

How Funds Can Be Used Based On Account Type:

UGMA No restrictions on use i.e. car, college expense, spending money, etc.
COVERDELL EDUCATION SAVINGS ACCOUNTS Qualified elementary, high school and or college expenses.
529 PLANS (VARIES BY STATE) Only qualified college expenses

The Monetta College Savings Program is not a 529 Plan, but uses either a Coverdell Savings Account or an UGMA Custodial Account as the primary saving plan option.

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Disclosures

The information provided represents the opinions of Monetta Financial Services and is for informational purposes only. It should not be construed as a recommendation to buy or sell any security, nor as investment advise.

The tax and legal information offered here is not exhaustive but rather a summary of our understanding and interpretation of current tax regulations. State income tax may differ from federal income tax treatment. Investors should consult their tax advisors or legal counsel for advice and information concerning their particular situation.

Monetta Financial Services, Inc. (MFSI) is the investment advisor to the Monetta Funds. The advisor has contracted with SAGE Scholars, Inc. to offer Tuition Rewards (points) to all Monetta Fund Shareholders that enroll in the Tuition Rewards program through Monetta's website.

Tuition Rewards are remitted solely as a reduction from the college’s full tuition bill and are not awarded in cash. Certain restrictions may apply. The Tuition Rewards program is offered and administered by SAGE Scholars, Inc., a private for-profit corporation. Monetta Financial Services, Inc., (MFSI) through a partnership with SAGE Scholars offers a college tuition reduction program that may be used at over 245 participating colleges nationwide. All costs for the College Savings Program, including participation in the Tuition Rewards Program, are paid by MFSI. For program details and restrictions please visit www.tuitionrewards.com.

Tuition Reward registration bonus points are issued one time only. If the investor and/or student already has a Tuition Rewards account through Monetta or another SAGE financial partner, he or she is not eligible for additional registration points.

For custodial accounts, MFSI has a "college savings program" where the Monetta Shareholders automatically receive an investment kit, a quarterly newsletter, various educational materials and in addition, if enrolled, will receive Tuition Rewards.

All costs for the College Savings Program, including participation in the Tuition Rewards Program, are paid by MFSI.
Monetta Family of Mutual Funds
1776-A S. Naperville Rd., Suite 100
Wheaton, IL 60189
1-800-MONETTA
Phone: 630.462.9800
Fax: 630.462.9332
The Monetta Funds are offered only to United States residents, and information on this site is intended only for such persons. Nothing on this web site should be considered a solicitation to buy or an offer to sell shares of any Monetta Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.

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