Perhaps your potential Harvard graduate is still in
diapers. But, given the high cost of college, you'd be
smart to start a systematic college savings plan now.
And one of the options available for saving for
college is a 529 plan.
A 529 plan is a savings vehicle that is governed by
the federal government but offered by states. There
are actually two types of 529 plans: college savings plans and prepaid tuition
plans.