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[quote=Anonymous]Invest up to (and maybe a bit more) the estimated cost of in-state college at say UVA/W&M/UMD for when your kid will be 18 into a 529.  Pick a plan with low fees and one that is NOT a targeted fund.  I like VA American Funds and their selection (you research and see which you like best).  
The more you front load it, the more time for it to grow.

If you think you want to pay to send your kid to a T50/elite university, then invest more, either in the 529 or outside the 529 (where it is an investment for anything and can be used for more than school, but you miss the tax breaks of tax free growth)

So NO Targeted funds, select your own Mutual funds and keep it mostly in the full stock market until kid is 2-3 years before college, depends upon your risk assessment. Then slowly move 20-25% into Bonds/fixed income funds each year.  That way you wont' take a huge hit if the market crashes (you also wont get the gains, but college is approaching and you need the money and don't have time for it to rebound)
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