Finance and Administration Cabinet
KESPT to promote the new enhancements in National College Savings Month with a series of financial workshops and events

KESPT’s addition of new enhancements in September comes in time for National College Savings Month. “Now is the perfect time for families to start a college savings account for their children,” Cunningham said. “The beginning of each school year is another year closer to the day your child leaves for college, and a KESPT account can help make that transition less stressful.” KESPT will celebrate National College Savings Month and the new plan enhancements with a series of family events and workshops.

Personal finance writer Nathan Dungan, author of Prodigal Sons and Material Girls: How Not to Be Your Child’s ATM, will be bringing his “Diapers, Daycare to Degree” presentation to Kentucky the week of September 22. Dungan will teach families how to talk with their children about money, set up an allowance plan and find ways to save more. Dungan will be at the Louisville Science Center on Tuesday, September 23, from 1 to 2 p.m. and at the Lexington Children’s Theatre on Wednesday, September 24, from 6 to 8 p.m. To learn more about Nathan Dungan or to RSVP for the event, please visit  www.kysaves.com.

KESPT will also be sponsoring the Louisville Zoo’s Princesses and Pirates and the Royal Tea Party event, September 20 and 21 from 10:00 a.m. – 2:00 p.m. Children can meet their favorite storybook princesses and pirates at this fun event. Coupons for the event can be downloaded at www.kysaves.com.     

For more information on KESPT, events and the Program Disclosure Booklet, visit www.kysaves.com or call toll-free 1-877-598-7878.

Consider the investment objectives, risks, charges and expenses before investing in the Kentucky Education Savings Plan Trust. Please visit www.kysaves.com for a Disclosure Booklet containing this and other information. Read it carefully.

Before investing in a 529 plan, you should consider whether the state you or your Beneficiary reside in or have taxable income in has a 529 plan that offers favorable state income tax or other benefits that are only available if you invest in that state’s 529 plan.

The tax information contained herein is not intended to be used, and cannot be used, by any taxpayer for the purpose of avoiding tax penalties. It was written to support the promotion of the Plan. Taxpayers should seek advice based on their own particular circumstances from an independent tax advisor.

The Commonwealth of Kentucky, its agencies, TIAA-CREF Tuition Financing, Inc., Teachers Insurance and Annuity Association of America and its affiliates do not insure any account or guarantee its principal or investment return except for TIAA-CREF Life Insurance Company’s guarantee to the Kentucky Education Savings Plan under the funding agreement for the Guaranteed Option. Account value will fluctuate based upon a number of factors, including general market conditions.

© 2008 TIAA-CREF Tuition Financing, Inc., program manager. TIAA-CREF Individual & Institutional Services, LLC, member FINRA, distributes the Kentucky Education Savings Plan Trust.

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