ETF.
529 growth rates aren't great and that difference vs. market plus the fees can negate the tax free benefits. I also like the freedom of being able to use the money for other things without penalty, should life require it. When tuition comes due, I'll just cut a check.
Right now we have a savings for money gifted directly to him. The amount is low, but I'll likely move it to a 529 at some point (VA will get a very hard look).
If you aren't a market watcher, this approach probably isn't for you. Some people like the set and forget nature of 529, so use one if that idea appeals to you.
529 growth rates aren't great and that difference vs. market plus the fees can negate the tax free benefits. I also like the freedom of being able to use the money for other things without penalty, should life require it. When tuition comes due, I'll just cut a check.
Right now we have a savings for money gifted directly to him. The amount is low, but I'll likely move it to a 529 at some point (VA will get a very hard look).
If you aren't a market watcher, this approach probably isn't for you. Some people like the set and forget nature of 529, so use one if that idea appeals to you.
'76 911S | '14 328xi | '17 GTI | In memoriam: '08 848, '85 944
"Here, at last, is the cure for texting while driving. The millions of deaths which occur every year due to the iPhone’s ability to stream the Kim K/Ray-J video in 4G could all be avoided, every last one of them, if the government issued everyone a Seventies 911 and made sure they always left the house five minutes later than they’d wanted to. It would help if it could be made to rain as well. Full attention on the road. Guaranteed." -Jack Baruth
"Here, at last, is the cure for texting while driving. The millions of deaths which occur every year due to the iPhone’s ability to stream the Kim K/Ray-J video in 4G could all be avoided, every last one of them, if the government issued everyone a Seventies 911 and made sure they always left the house five minutes later than they’d wanted to. It would help if it could be made to rain as well. Full attention on the road. Guaranteed." -Jack Baruth