NextGen College Investing Plan under Section 529


	If you are a resident of Maine, you may be interested to know that: Earnings in your NextGen Account are state income tax exempt if used for qualified higher-education expenses.¹ The NextGen annual account maintenance fee is waived for as long as you or your beneficiary are a resident of Maine. You may be able to enroll in the NextGen Plan through your Maine Distribution Agent. The Finance Authority of Maine offers additional helpful services and information on ways to plan and pay for college, such as a college aid calculator and a scholarship search service. You may be eligible to receive an initial matching grant when opening your NextGen account. Please click here to learn more. ¹ To be eligible for the favorable tax treatment afforded to any earning portion of withdrawals from Section 529 accounts, withdrawals must be for “qualified higher-education expenses”, as defined in the Internal Revenue Code.

The NextGen Plan is a Section 529 plan administered by the Finance Authority of Maine. Before you invest in the NextGen plan, request a NextGen College Investing Plan Program Description from us and read it carefully. The Program Description contains more complete information, including investment objectives, charges, expenses and risks of investing in the NextGen plan, which you should carefully consider before investing. You also should consider whether your home state or your designated beneficiary’s home state offers any state tax or other benefits that are only available for investments in such state’s 529 plan. Merrill Lynch, Pierce, Fenner & Smith Incorporated is the program manager, underwriter and distributor.

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Investment products:

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MLPF&S is a registered broker-dealer, member Securities Investor Protection Corporation (SIPC) and a wholly owned subsidiary of Bank of America Corporation.

Any information presented about tax considerations affecting your financial transactions or arrangements is not intended as tax advice and cannot be relied on to avoid any tax penalties. Neither Merrill Lynch nor its Financial Advisors provide tax, accounting or legal advice. You should review any planned financial transactions or arrangements that may have tax, accounting or legal implications with your personal professional advisors.

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