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• Search for NextGen 529 Incoming Rollover Form –complete the form • Contact your contra firm to request check made payable to: NextGen 529 FBO (designated beneficiary) Account # (NextGen 529 Account #) • Delivery instructions available on NextGen 529 Incoming Rollover Form Note: A hard copy can also be mailed upon request Payroll deduction NextGen 529 is a Section 529 plan administered by the Finance Authority of Maine (FAME). You may obtain the NextGen 529 Program Description by requesting a copy from your financial professional, visiting NextGenforME.com or calling the program manager at 1-833-336-4529. The Program Description should be read carefully before investing.Client Select Series Payroll Deduction Form. Fill out this form to set up payroll deduction contributions to your NextGen 529 account, or to change existing payroll deduction contributions. Once completed you'll need to give a copy of this form to your employer and mail the original to NextGen 529 at the address indicated.Program Administrator Merrill Lynch, Pierce, Fenner & Smith Incorporated, Program Manager NextGen 529 c/o Finance Authority of Maine 5 Community Dr PO Box 949 Augusta, ME 04332 T 800-228-3734 F 207-213-2662 [email protected] NextGenforME.com Dear Investor: Enclosed is the Annual Report of NextGen 529 for the fiscal year July 1, 2020 through June 30, 2021.The plan consists of age-based, static multi-fund, and individual-fund options from a number of money managers: American Century, BlackRock, Franklin Templeton, Lord Abbett, MainStay, MFS and Neuberger Berman. In addition, the Principal Plus Portfolio and NextGen Savings Portfolio are offered. To find a financial advisor in your area, use the ...If you have a parent or other family member or friend who wants to open a NextGen 529 account for a child, consider offering to make the required initial contribution. It only takes $25 (and if you are, or your beneficiary is a Maine resident, the account may receive an Initial Matching Grant, if eligible).NEGATIVE RATINGS. The seven lowest-ranked plans in this year’s report are the Maine NextGen College Investing Plan Select, Nevada SSgA Upromise 529 Plan, Nevada USAA College Savings Plan, New ...NextGen 529 Savings Plan: Best for Wide Availability; Vanguard 529 Savings Account: Best for High Risk Tolerance; There are a number of 529 plans available nationwide, and it can be overwhelming to determine which one is the best for you. When evaluating different 529 plans, remember to look at each plan's fees and expenses, the investment ...NextGen 529. A great way to help your child save for college. NextGen 529 is Maine's section 529 plan which many Maine families use to save for college. Tips to Help You Save. It can be hard to find money in your budget for college savings. These tips will help you find ways to save money.529 plan accounts held for the same beneficiary, may be withdrawn and used for expenses for tuition in connection with enrollment or attendance at an elementary or secondary public, private, or religious school (K-12 Tuition Expenses) without incurring federal income tax on the earnings portion of the withdrawal. Program EntryReturn to: Address specified on your NextGen 529 Account statement, or contact the Merrill office servicing your accounts. Return to: College Plan Services P.O. Box 1518 Pennington, NJ 08534-1518 . You can also fax this form to 609.910.4696. Code 202183PM-0719 . 2 of 3 . MERRILL~a NextGen 529 account. Only the NextGen 529 account owner will receive confirmation of account transactions and may direct transfers, rollovers, investment changes, withdrawals and change the account beneficiary (as permitted under federal law). Third-party contributors may subject NextGen 529 account owners to tax consequences. • Search for NextGen 529 Payroll Deduction Form – complete the form Step 2 • Once the form is processed by Merrill, a letter will be delivered to your online account inbox and also sent to your mailing address Step 3 • Provide your employer with a copy of the letter generated by MerrillNextGen 529 Contributions $150.00$450.00$25.42$475.42 NextGen 529 Matching Grants $0.00$0.00$0.00 $0.00 For additional tips and resources, and to create a monthly MyPlan, visit MyAlfondGrant.org. Tips are provided by the Alfond Scholarship Foundation, which is solely responsible for content. MyAlfondGrant.org is a website of theWhat you'll need. Opening a Merrill Edge self-directed Individual NextGen Account® is easy to do. We require some personal information for the Participant and the Beneficiary. The Participant (account owner) is the person who owns and manages the account on behalf of the Beneficiary. We require the following information for the Participant:NextGen 529 ® is a Section 529 plan administered by the Finance Authority of Maine (FAME). You may obtain the NextGen 529 ® Program Description by requesting a copy from your financial professional, visiting . NextGenforME.com. or calling the program manager at 1-833-336-4529. The Program Description should be read carefully before investing.Dec 18, 2018 · The NextGen 529 Client Direct Series is a direct-sold 529 plan available nationwide. Investors can select from BlackRock mutual funds and iShares exchange traded funds (ETFs). The plan is administered by the Finance Authority of Maine, which offers matching grants for eligible Maine residents. Schwab's 529 the Kansas state plan. For another state, you'd need to sign up with that state directly. (If you live and work in a state with no state income tax, then it doesn't matter. Schwab's would be fine in that case.) I live in MO. It allows to deduct 529 contribution to any state's plan.NextGen 529 is a Section 529 plan that offers you a tax advantaged way to invest for a child's qualified higher education expenses. These investment guides can help you better understand the types of portfolios available for both direct and select client investment styles.The Maine NextGen 529 -- Client Direct Series is managed by Vestwell State Savings, LLC and distributed by BlackRock Investments, LLC. The plan utilizes BlackRock (including iShares ETFs) funds in its age-based and static options. In addition, the Principal Plus Portfolio and the NextGen Savings Portfolio are available. NextGen 529 accounts do more than help you save for a four-year college education. They can be used to pay for two-year associate degree programs, trade schools, even …

NextGen 529 belongs a Section 529 plan managed until to Finance Authority of Man (FAME). FAME serves Maine students also families meet the costs associated the superior education through loan, bestow, or scholarship programs. FAME or oversees an extensive outreach the counseling program so is designed to encourage young people to aspire for and ...NextGen 529 is a Section 529 plan administered by the Finance Authority of . Maine (FAME). Before you invest in NextGen 529, request a NextGen 529 Program . Description from your Merrill advisor or Maine Distribution Agent or call Merrill . at 1-877-463-9843 and read it carefully. The Program Description contains moreSurprise: It can make sense to mete out money in a 529 account rather than exhausting it in one year, says college financing expert Mark Kantrowitz. By clicking "TRY IT", I agree to receive newsletters and promotions from Money and its part...A 529 plan account is an investment account primarily designed to help families save for higher education. Maine has its own 529 plan called NextGen 529, which many Maine families use to get ready for education after high school. It's easy to open and fund an account—especially if you take advantage of Maine's generous matching grant program.

The NextGen 529 Client Select Series gives you the ability to customize your investments among a broad array of portfolio options offered by several investment managers. This Investment Guide can help you better understand the types of portfolios available. The Maine legislature has reinstated and increased the state income tax deduction available for those who make 529 contributions, entitling qualifying Maine residents to a $1,000 deduction, per beneficiary. ... Maine children benefit from a series of grants related to the state's NextGen 529 plans. All babies born in Maine are eligible for ...…

Reader Q&A - also see RECOMMENDED ARTICLES & FAQs. A Blue-Chip Plan Brought to Bronze The industry'. Possible cause: State: Maine. Eligible 529 Plans: NexGen 529 — Client Direct Series, NextGen 529 — Cl.