4 / 5
Our rating
ME resident benefits
The Maine NextGen 529 -- Client Select Series advisor-sold 529 is managed by Vestwell State Savings, LLC and distributed by BlackRock Investments, LLC.. The plan consists of Year of enrollment, static multi-fund, and individual-fund options from a number of money managers: BlackRock, Franklin Templeton, Lord Abbett, MFS, New York Life (MainStay), 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 Directory of Financial Professionals.
Scores for each ratings category
3.0 / 5
Performance
4.29 / 5
Ease of Use
4.89 / 5
Savings Success
2.87 / 5
Program Delivery
Program type
Inception
State agency
Tax deduction
For single filers: $1,000/yr per beneficiary
For joint filers: $1,000/yr per beneficiary
Program manager
Program distributor
Manager contract term
State residency requirements:
Who can be a participant/owner in the program?
Significant time or age restrictions imposed by the program:
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Does the program offer an e-gifting platform for receiving gift contributions?
Investors in NextGen 529 -- Client Select Series can select from the following investment options. Click on a portfolio name for more information.
Age-based/Enrollment Year investment options:
Static investment options:
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Portfolio Fees & Performance Lookup
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Tax deduction for single filers:
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State tax deduction or credit for contributions:
Find out how much you can save on state taxes this year by contributing to a Maine 529 plan.
Married Filing Jointly
Household income
$100,000
Monthly Contribution
$100
State tax recapture provisions:
State definition of qualified expenses
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Does the sponsoring state exclude the value of an account for state financial aid purposes?
Does participation in the program provide beneficiaries with any advantages in qualifying for resident tuition status at state institutions?
Is there a rewards program or outside scholarship program that works with this program?
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Does participant have online password-protected access to account?
Can the complete enrollment process including funding be done online?
Documents and other services accessible or downloadable on the program's public Web site:
Website:
Telephone:
Telephone for broker use:
Connect with a financial advisor in your local area
A good place to start:
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Saving For College is an unbiased, independent resource for parents and financial professionals, providing them with information and tools to understand the benefits of 529 college savings plans and how to meet the challenge of increasing college costs.