We started a 529 (Invest529 type) through Virginia529.org
It was a fairly easy button and we liked that if she didn't go to college that we could withdraw the funds for other purposes having only the interest gained being taxed and there being a 10% penalty on the gains only. It also didn't handcuff our daughter to a VA school in the future (despite VA universities/colleges being pretty good both in the past and now).
We're kind of treating it as a vehicle for our relatives to park funds for our daughter in the future (regardless of what she ends up doing later on).
It was a fairly easy button and we liked that if she didn't go to college that we could withdraw the funds for other purposes having only the interest gained being taxed and there being a 10% penalty on the gains only. It also didn't handcuff our daughter to a VA school in the future (despite VA universities/colleges being pretty good both in the past and now).
We're kind of treating it as a vehicle for our relatives to park funds for our daughter in the future (regardless of what she ends up doing later on).
'19 Golf R
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Intro
J Ray's Top Ten
Previous: '99 BMW Z3 2.8L | 2019 Honda Ridgeline | 2010 VW GTI | 2008 CBR 600RR | 2005 Nissan Titan SE King | 2003 Honda CBR 600RR | 1998 Integra RS | 1998 Suzuki GS500e | 1999 Honda Civic Si | 1986 VW GTI 8v