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[quote=Anonymous]Fiance's mom wants to open a college savings account for my DS. I have no idea where to begin, which would be the best option, etc. Ideally this would be something multiple people could contribute to.

DS is 5, I haven't started anything for him yet bc I've been broke. XH's parents said flat out that they don't believe in saving for college (XH doesn't contribute anything, savings or otherwise) and my parents have been helping with expenses in the here and now rather than college savings, although now that I've been back on my feet for a while, they've been asking about college savings.

IRA? I have a Roth IRA for myself for retirement, but contribute almost nothing to it at the moment.

529? If 529 is the best option, what state? We're in DC, grandparents who would possibly contribute are in ME, FL, VA and AZ.

We're not talking a ton of money here either, no one is in a position to max out contributions. Every little bit helps though and this has been on my list since before DS was born. [/quote]

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