ML Education Savings - NextGen College Investing - (Section 529 Plan) Account
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If you're seeking an income-tax-advantaged way to save for the higher-education expenses of a family member and wish to reduce your exposure to estate taxes, consider a Section 529 plan.

The ML Education Savings - NextGen College Investing Plan® account is a Section 529 plan administered by the Finance Authority of Maine. Investment oversight is provided by the Maine State Treasurer. Merrill Lynch is the program manager and underwriter of the NextGen College Investing Plan.

 

Benefits

  • Gain tax advantages
  • Invest effectively for higher-education expenses
  • Stay in control of your plan

Getting Started

Establishing a tax-advantaged ML NextGen College Investing Section 529 plan that can help you save and invest for a loved one's higher-education expenses and reduce your exposure to estate taxes can be an important step toward transferring your wealth efficiently.

Before you invest in the ML NextGen College Investing Section 529 plan, request a ML NextGen College Investing Plan Program Description from your Merrill Lynch Financial Advisor. The program description contains more complete information, including investment objectives, charges, expenses and risks of investing in the NextGen plan, which you should consider before investing. In addition, 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.

Note: 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 penalities. Neither Merrill Lynch or 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 tax advisor.

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For more information call 1.866.4ML-BUSINESS (465-2874) or e-mail us at AskMLBiz@ml.com.

Merrill Lynch, Pierce, Fenner & Smith Incorporated is a registered broker-dealer, not a bank, and the WCMA account is not a bank account. Banking services are provided by licensed banks or by third parties through arrangements with licensed banks. Unless otherwise indicated, investment products are not FDIC-insured, not guaranteed by a bank and may lose value.

Working Capital Management Account and WCMA are registered service marks of Merrill Lynch & Co., Inc.

Neither Merrill Lynch nor its representatives provide legal or tax advice. You should consult with your own legal/tax advisor regarding your particular situation.

* Additional fees for these services may apply.

© 2008 Merrill Lynch, Pierce, Fenner & Smith Incorporated. Member, Securities Investor Protection Corporation (SIPC).