There are other ways to save for a child’s college education besides 529 Plans, Coverdell Education Savings Accounts and UGMA/UTMA accounts. You may want to utilize several different savings methods to achieve your goals. Your options include:
The savings options that are best for you will depend on factors such as your existing saving efforts, tolerance for risk, time horizon, your level of investment experience, and how much control you’d like to exercise over your savings.