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Savings Plan for LO?

finally2006finally2006
in 3rd Trimester
Dh and I have some money saved for lo and I am trying to think what to put it in.  I have heard 529 plans are limited and have big fees.  What are your plans? 
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Re: Savings Plan for LO?

  • MrsRebeccaMrsRebecca member
    Our current plan is just to stick $200/month into an ING account.
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  • BarnesoBarneso

    Not there yet - We want to get all debt paid before doing this, including our cars so we've got a year or so to go.

    I would post this question on Money Matters on The Nest - They will probably be able to give you the best recommendation. 

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  • lpstllpstl member

    My first knee jerk instinct was to open a 529, but we spoke to a financial adviser and decided to go with a Roth IRA instead.

    You're more limited in investment choices with a 529, and we found that the fees were pretty outrageous. 

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  • passaskatpassaskat

    We have a lot of our own debt to pay off, so no savings for LO yet.

    I will however, open a UPROMISE account for her.  Upromise has helped me pay down my student loans.  Now I'll use it to save for hers.  If you haven't heard of it, check it out.  Other people can help contribute too!

    March 21, I find out how far along we are. :)
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  • MrsMoody2006MrsMoody2006 member

    imageMrsRebecca:
    Our current plan is just to stick $200/month into an ING account.

    This 

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