Pledge: Gerri Lewis Prayer: Gerri Lewis Song: Bill McL Flim/Flam: Matt Vogt Raffle: Matt Vogt, Maurice Raymond, Bill McL HAPPY BUCKS Happy for the day, for the guests, many times. Happy to be back in OId Sabrook, happy glen B beat “Andy”, Peter Z happy to have walked 18 miles and is still here. VISITING ROTARIAN: Maurice Raymond Lakeland, FL ANNOUNCEMENTS Jen Price , The Rotary club of Deep River, invited one and all to their 3rd Annual “October Fest” , Saturday October 17, 2015 6:00 P M Mt St John’s School; Deep River. Remember E R E Y $100.00 every year PROGRAM Elizabeth McLaughlin, Program Marketing Manager, TIAA-CREF, talked to the Club about C H ET (The Connecticut Higher Education Trust) program. CHET is Connecticut’s 529 college savings plan. 529 refers to the federal tax code section that provides federal tax advantages for qualified tuition programs. Anyone can open a CHET account for anyone else. Parents, grandparents, friends or relatives are eligible to open an account. One of the key benefits of saving for college with thee CT plan is if you pay taxes in CT, contributions to CHET are deductable off your CT taxes - $10K per year if filing jointly, $5K single filers .CHET is easy and flexible. The funds may be used for any education program. Special CHET programs CHET Baby Scholarships. The State of Connecticut will provide a one -time contribution of $100.00 to families that open a CHET 529 college savings plan by the child’s first birthday. Then families who save at least $150.00 in the first four years will receive an additional state match of $150.00 for a total state investment for $250.00. Visit aboutchet.com/babyscholars to learn more. CHET Advance Scholarship. The CHET Advance Scholarship is an annual program offered by the Connecticut State Treasurer’s Office to help Connecticut students pay for college. This year 100 High School seniors will receive a $2,500 scholarship and 100 freshmen will have $2,000 put aside, with chance to get an additional $500 match if they save $500 in a CHET account for graduation. Criteria for the seniors are a 2.0 GPA and intention to go on to school, a 4yr, 2yr, or vocational school. Visit chetadvance.com to learn more. Good Q & A Can you move a 529 plan state to state YES, Advantage to CT plan YES deduction on CT State taxes, what is drive college cost increases, new buildings, new facilities of all description , new dorms, all to attract students in the numbers game. Good Program UPCOMING ROTARY PROGRAMS September 23, 2015 Y M C A Program September 30, 2015 Dinner Meeting October 7, 2015 Business Meeting October 14, 2015 Student of the Month English MEALS ON WHEELS September 17, 2015 Bob Antoniac September 24, 2015 Bill McLaughlin October 1, 2015 Bob Antoniac October 8, 2015 Bill McLaughlin UNOFFICIAL FIVE WAY TEST of the things we think, say, or do 1.) Is it the TRUTH 2.) Is it FAIR to all concerned 3.) Will it build GOODWILL and BETTER FRIENDHSIPS 4.) Will it be BENEFICAL to all concerned 5.) Is it FUN.
