Best way to save for college ?

529?

Life insurance with cash option ?

Is there anything else I should be looking into?

Thanks in advance.

you're talking my language now.... only do a 529 plan IF your state allow tax deductible contributions... otherwise you can outperform easily in a regular custodial account (529 plans have terrible investment options even when you can choose them)....I'd stay away even knowing that the contributions can come out tax free for college expenses ... also if your kid gets a scholarship and you don't use the funds then you are s.o.l  and get taxed and penalized when it comes out anyway...  cont......

I have a 4-month old and put a couple hundred/month into a custodial account that I manage (been a broker for years) but i also got him a whole life insurance policy right away and put in $2400/year as well.

Thanks for the response Craig

I'm pretty sure the Missouri 529 is tax duductable, which makes it instantly attractive (especially short term)

How does the whole life policy work? Is there a fixed term (like 20 years) that requires an annual premium and if not dead in those 20 years you get the cash (hopefully more than you put in) ?

Thanks again

Thanks for the info Craig

Couple more questions if/when you got time. Instead of a whole life policy for me and my wife, would it be better to just get a term policy (simply for disaster in the next 20 years) that is about 1/4 the cost and place the rest in a 529 and Roth IRAs for both of us? Both would be tax deductible every year as well, which ads value up front.

Any thoughts would be great or other ideas. Hope all is well in your world bro

What type of return are you looing for?  5% yearly? 10%?

Market is at an all-time high.... never a big fan of entering into an investment when things are on the high end. But if you do.

You and your spouse can each give $13,000 a year tax free to each child.

Setup a brokerage account and invest in blue chip dividend paying stocks... highly recommend at least 1 stock in the utilities field. Have the account setup to roll over all dividends.

The downside to a term policy is you lose all of the money you pay if you live past the term. The upside is large if you were to pass soon .... but odds are against that and am sure your kids and spouse don't want that.

Real estate is the best investment on the table in my opinion. Each market is different... but there are places that 10% yearly with 50-100% return on price is very much a reality. Its something I would highly recommend.