NextGen 529 Helping Families Save For Higher Education. Audio On demand

In case you missed the street beat

NextGen 529 is Maine’s Section 529 plan. A 529 plan is an investment plan primarily designed to help families save for higher education. They’re called 529 plans because they’re described in Section 529 of the U.S. Internal Revenue Code.

Any earnings in a NextGen 529 account can grow tax-free. Withdrawals, including any earnings, are federal tax-free when withdrawn to pay for qualified higher education expenses.