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At the May meeting, Kathy Boyer, a Financial Advisor from Stifel Nicolaus & Co, spoke to the members about the costs of college tuition and several options that parents have to save up for their children's college expenses. Ms. Boyer said that the cost of a 4 year education at a public university is $45-65,000, and $100,000+ for a private college. She said that there are tax credits available for college so take advantage of them. She also gave several options for saving for college, these included:Custodial Accounts Investment Accounts- Mutual funds, etc set aside personally for college savings. Coverdale ESA (also works for private Elementary and High schools) 529 College Savings Plan- 2 types Regular- no limits, anyone can put money into it. Prepay- no longer offered, call 1-888-919-5278 to inquire whether KY will offer it again Roth IRA This e-mail address is being protected from spambots. You need JavaScript enabled to view it Ms. Boyer said to check out savingforcollege.com for helpful calculators and information. She also handed out packets with more information on the topic. If you would like to contact Kathy Boyer for more information, her contact information is as follows: Kathy Boyer Phone: (502)420-3230 Stifel Nicolaus Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it 4969 US HWY 42 Ste 1000 Louisville, KY 40222 CONGRATS go out to Jaymi Yantis, winner of this month's door prize, a $25 gift card to Outback Steakhouse!
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