Tip 1: Start investing early
The sooner you invest, the more time there will be for your savings to grow with compound interest.Tip 2: Compare offers across borders
Browse plans even across state lines and compare in terms of investment options, fee structure and tax breaks.Tip 3: Consider your requirements
Static plans don’t change, but dynamic (age-based) 529 plans switch to less-volatile funds closer to college starting. Choose what works for you.Tip 4: Study up on tax benefits
Some states allow tax deductions on contributions and withdrawals for qualified education expenses that are tax-free. So, more opportunities to save.Tip 5: Roll over unused funds to maximize savings
Parents can roll over unused funds of up to $35,000 into their Roth IRAs if the account is over 15 years old and has received contributions for at least 5 years.