Hey Taylor: I’ve been looking at the different ways I can put money aside for my kid’s education, and it seems like the 529 plan is the best bet. Am I missing anything? — Wendy
Hey Wendy: It’s true that a 529 offers the most incentives when it comes to saving for college. The only drawback is that you can’t put the money toward anything else, so you’re taking a pretty big leap of faith if you start funding the account when your child is still in elementary school.