Well, if you need to save for college and haven’t started a 529, there may be another option – the Uniform Gifts To Minors (UGMA) or Uniform Transfers To Minors (UTMA) accounts. This posting in US News by Reyna Gobel talks about some advantages and disadvantages over 529 plans:
http://www.usnews.com/education/best-colleges/paying-for-college/articles/2013/06/14/save-for-college-in-accounts-for-minors-with-tax-benefits
The more options to save for college you have the better!
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