for PARENTS

INFANTS/PRESCHOOL PARENTS

You’re enjoying every milestone your baby reaches. But did you know there are some things you can do now to help them reach higher education milestones as they grow older?

Tips for Success

Here are some key things you can do to help your infant and preschooler succeed:

preschool-icon Tips »

Invest in Your Child’s Future

  • Every baby born a Maine resident on or after 1/1/13 will have a $500 Alfond Grant automatically invested for his or her future education expenses.1
  • Maine resident babies who have been awarded the Alfond Grant may use the grant to open a NextGen 529 account without the required initial contribution.
  • Make regular contributions to your NextGen 529 account—as little as $25 a month can make a big difference!
  • Encourage family and friends to give the gift of education by making contributions to your baby’s NextGen 529 account.


1 The Alfond Grant is not automatic in all circumstances and is also available in limited other circumstances. The use of the Alfond Grant is also subject to certain restrictions. Visit nextgenforme.com/AlfondGuidelines for guidelines.


RESOURCES

 


NextGen is a Section 529 plan administered by the Finance Authority of Maine (FAME). Before you invest in NextGen, request a NextGen Program Description from your Merrill Lynch Financial Advisor or Maine Distribution Agent or call Merrill Edge at 1-877-463-9843 and read it carefully. The Program Description contains more complete information, including investment objectives, charges, expenses and risks of investing in NextGen, which you should carefully consider before investing. You also should consider whether your or your designated beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state’s 529 plan. Merrill Lynch, Pierce, Fenner & Smith Incorporated, a registered broker-dealer, member SIPC, is the program manager and underwriter.

Infants/Preschool
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