Like one of the other fellows posted I prefer the Roth IRAs over the 529 plans. If you put much into the 529 plans then the beneficiary/child has to count them as an asset when applying for grants and financial aid. So I would only do the 529 plans if your going to be putting enough in to fully cover the cost of college. If you are doing less than that you can seriously limit the the college the beneficiary/child can go to without any financial aid.
Also check and see what plans your state has for college plans. The prepaid credit hour plans are not a bad plan either and they are inflation protected. Meaning once you buy a credit hour you have that paid for regardless what they cost when used. Yes it limits the child to a college in the state but they still work well for smaller amounts of giving.
I have done both the IRAs and Prepaid plans. The IRAs in my later years as I had more to give, mainly grand kids. I used the prepaid credit hour plan for my kids. When I started out each credit hour only cost $35. So smaller amounts of money would do something.
Don't buy into the BUNK about how the prepaid plans "limit" the child's educational opportunities. Just about every state has some good colleges. The colleges don't like the prepaid plans as they do not get to inflate their credit hour cost.
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Today's Featured Article - Hydraulic Basics - Part 2 - by Curtis Von Fange. In the last entry to this series we gave a brief overview of hydraulic system theory, its basic components and how it works. Now lets take a look at some general maintenance tips that will keep our system operating to its fullest potential. The two biggest enemies to a hydraulic system are dirt and water. Dirt can score the insides of cylinders, spool valves and pumps. Wate
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