BANGOR, Maine — Members of United Way of Eastern Maine and CA$H Maine encourage families to help plan for their children’s futures.
CA$H Maine and the John T. Gorman Foundation have created an opportunity for Maine residents to begin investing for higher education. To achieve this objective, JTG will make a $25 contribution to open a NextGen College Investing Plan® (NextGen®) account for an eligible beneficiary.
Staff from Financial Authority of Maine will be on hand noon-4 p.m. Wednesday, March 12, and 10:15 a.m.-3 p.m. Wednesday, March 19, at Bangor Public Library Lecture Hall to answer questions and assist families.
JTG will make a one-time $25 contribution to a NextGen account naming a Maine resident child as account beneficiary. The contribution will be used to open a NextGen account for the benefit of the eligible child.
The recipient must be a Maine resident child age 1-18, named as an account beneficiary on a completed NextGen account application by April 1, 2014. Only one JTG Voucher may be redeemed per eligible child. The contribution is only available to an eligible child named on a completed application submitted to FAME with a completed $25 JTG Voucher obtained at a CA$H Maine event. The completed voucher and application must be submitted to FAME together on or before April 1, 2014. Applications and Vouchers will only be made available to adult event attendees over the age of 18.
Opening a NextGen account is subject to acceptance of the NextGen Account Application by the NextGen Program Manager (Merrill Lynch), including verification of identity and other information in compliance with the requirements of the USA PATRIOT Act and other applicable law. NextGen offers the Client Direct Series for self-directed investors and the Client Select Series for investors who want the assistance of a financial advisor. For more information about NextGen, visit www.FAMEmaine.com/NextGen.
The contribution will be invested into the NextGen Portfolio(s) selected by the NextGen account owner. All contributions made into the NextGen account are subject to the terms and conditions of the NextGen College Investing Plan Program Description and any Supplements thereto.
NextGen account owners and beneficiaries should consult their own tax advisors regarding state and federal tax treatment applicable to NextGen accounts. Any earnings withdrawn from a NextGen account and not used for qualified higher education expenses may be subject to taxation.
CA$H Maine and John T. Gorman Foundation are not authorized distributors of the NextGen College Investing Plan.
For More information about this event, contact Sara Yasner at United Way of Eastern Maine saray@Unitedwayem.org 941-2800 ext. 211, or for specific questions, contact an F.A.M.E representative at (207) 623-3263.