There are two types of 529 accounts: the college savings plan and the prepaid tuition plan. The latter allows you to prepay for future college courses at current prices—in other words, get the 2018 rate 18 or 20 years from now. That sounds great, but there are major drawbacks. The prepaid plan guarantees to cover… Continue reading Starting a 529 College Savings Plan Is a Great Idea, Even for Parents of a Newborn