Wise Choices for Tax Rebates

PHILADELPHIA, May 13 /PRNewswire/ -- The check is in the mail! It's not often one hears those wonderful words, but for many, the check literally is in the mail. Tax stimulus rebates have started going out, and while we are all being encouraged to spend our way to a better economy, Futuretrust is advising young families to save their way to future financial health and the dream of a college education.

Investing part or all of a $600 rebate check today could turn into thousands for that dream of college 15 years down the road.

Rebecca Matthias, President and Founder of Futuretrust says that using your refund is a fantastic way to save for college for several reasons:

-- Especially for those who haven't yet started putting money away for
college, their rebate check can offer a great jumpstart on savings.
Then, even small contributions will grow steadily on top of that
healthy base.

-- The rebate check is an unbudgeted bonus, so tucking it away in a 529,
where it can grow tax-free, will not come at the expense of monthly
expenditures and necessities.

-- This rebate is a special opportunity! Many families receive a tax
rebate every year, which they have long spent by the time the check
arrives, but the stimulus rebate is an extra surprise for this year
only, and for many families, it is the only unbudgeted windfall they
have coming.

-- While most parents would love to allocate more to college savings, the
current economic climate has made saving more difficult than ever. But
using the rebate check is one way to save without adding to the burdens
caused by rising food and gas prices.

"Even if families can only save a part of their rebate, the important thing to remember is that every little bit truly helps when you have time on your side," says Rebecca. "That's what Futuretrust is all about -- offering consumers rebates that add up over time and grow tax free. What could be easier?"

About Futuretrust(R)

Futuretrust(R) is a MasterCard(R)-linked college savings program that enables families and friends to get a 'jump' on saving for college. Futuretrust has no membership fee. Rebates are automatically contributed to a tax-advantaged 529 college savings plan of the member's choice. Members earn a minimum of 1% every time they make a purchase with the Futuretrust MasterCard, accepted at millions of locations. Members also earn additional college savings when they use the Futuretrust MasterCard at thousands of partners in the Futuretrust Preferred Merchant Network consisting of major retail chains, catalogs, restaurants and on-line merchants. Members can also earn college savings rebates when they buy, sell, finance, or refinance a home, as well as use moving services and home warranty transactions. Applications are available at Motherhood(R) Maternity, Mimi Maternity(R), A Pea in the Pod(R) and Destination Maternity(R) locations, online at http://www.futuretrust.com/ or by calling 1.888.trust68.

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First Call Analyst:
FCMN Contact:

Source: Futuretrust

CONTACT: Judie Ashworth of Futuretrust, +1-215-873-2283,
Jashworth@motherswork.com; or Linda Falcone for Futuretrust, +1-212-995-1777,
linda@blueskypr.com

Web site: http://www.futuretrust.com/

Company News On-Call: http://www.prnewswire.com/comp/581877.html

2008-05-13 18:16:36 0360865 PRNEWSWIRE