Important Information regarding Investment Changes:
On December 19, 2014, the President of the United States signed into law the Achieving a Better Life Experience (ABLE) Act of 2014.
Among other things, the ABLE Act increases the opportunity for an owner of a Section 529 college savings plan account to make an
investment change from once to twice in a calendar year, in addition to upon a change of beneficiary. The ABLE Act applies to taxable
years beginning after December 31, 2014. As a result, NextGen account owners may change their existing investment choices twice per
calendar year, and upon a change of beneficiary, beginning in 2015. As always, account owners may change their future investment choices at any time.
New Online Functionality:
NextGen Online Distributions*
Clients in the Direct and Select Series now have the ability to request a distribution out of their 529 accounts to the participant, beneficiary or an
Institution of Higher Education.
NextGen Direct Online Investment Changes
Clients in the Direct Series now have the ability to rebalance their existing portfolios (process an exchange) and change their investment
allocation for future contributions. This service is not available for clients in the Select Series.
Log in to your account on mymerrill.com or merrilledge.com.
* Distributions of all Maine Grants, including Alfond Grant, and full distributions resulting in a closeout are not yet available online.
Open a NextGen account online!
You can enroll in the NextGen Client Direct Series online!
Would you like to work with a Financial Advisor?
For the investor seeking additional assistance or a broader range of investment choices than offered through the NextGen Client Direct Series, consider the NextGen Client Select Series.
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Notice Regarding Fees.
Effective January 1, 2015, the $50 annual Account Maintenance Fee will be eliminated for ALL Client Select Series accounts.
Are You A Maine Resident?
There may be additional benefits for you, as a Maine resident, if you choose NextGen as part of your college investing plan. Click here to visit FAMEmaine.com to learn more.
Are You an Account Owner?
Get more information on account servicing and options like automatic contributions. Learn More>>
Visit the FAQ Page for answers to the most common NextGen and 529 Plan questions. Or contact NextGen at 1-877-4-NEXTGEN (877-463-9843) with any additional questions you might have.
Please remember there's always the potential of losing money when you invest in securities.
Important Notice: The NextGen College Investing Plan® does not endorse or promote any third-party Web sites, referred to as “accommodators,” that provide services to facilitate contributions to a NextGen account. These accommodators may charge fees in connection with their services. Neither the Finance Authority of Maine (FAME) nor Merrill Lynch has authorized any accommodator or other third-party Web site to promote or submit contributions to a NextGen account. Anyone who chooses to contribute through these Web sites submits contributions at their own risk, and proper credit or investment to the account cannot be guaranteed or confirmed by Merrill Lynch or FAME.
If you would like to make regular automated contributions to a NextGen account, please visit the Account Servicing Forms page of our Web site for more information on the Automated Funding Service or Payroll Deduction contributions through your employer.