NextGen - Maine 529 College Savings Plan


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Maine 529 College Savings Plan

NextGen - Maine's 529 College Savings Plan

Known as the NextGen College Investing Plan, Maine's 529 plan is administered by the Finance Administration of Maine (FAME). Merrill Lynch, Pierce, Fenner & Smith Incorporated is the program manager and distributor of the Maine NextGen plan.
The earnings are federal tax free when used for educational expenses and Maine residents will benefit the earniongs being state income tax exempt, as well. Also, the annual maintenance fee is waived if the donor or beneficiary is a Maine resident.
There are several other benefits for Maine residents who take advantage of Maine's 529 College Savings Plan - NextGen. A listing of these can be found at the FAME website. You should also check with a financial advisor and tax advisor to see if a 529 investment is right for you.

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