The Morgan Stanley National Advisory 529 Plan

The Morgan Stanley National Advisory 529 Plan is a 529 plan available in North Carolina that offers families a comprehensive approach to saving for higher education expenses with the assistance of a financial advisor. One unique aspect of this plan is its partnership with Morgan Stanley, a well-known financial services firm that provides investment advice and guidance. Account holders have access to a variety of investment options, including age-based portfolios and individual fund options, allowing for a customized investment strategy. The plan offers tax advantages, such as tax-free growth and tax-free withdrawals for qualified education expenses. North Carolina residents may also be eligible for a state income tax deduction for contributions made to the plan, further maximizing savings potential.