NC 529 Plan

NC529 plan available in North Carolina that provides families with a comprehensive solution for saving for higher education expenses. One unique aspect of this plan is its wide range of investment options, including age-based portfolios and individual fund options, allowing account holders to customize their investment strategy based on their goals and risk tolerance. The plan offers tax advantages, such as tax-free growth and tax-free withdrawals for qualified education expenses. Additionally, North Carolina residents may be eligible for a state income tax deduction for contributions made to the plan, further enhancing the savings potential. NC529 works directly with Backer to provides users a seamless gifting program.