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[quote=Anonymous]If you're in MD, I'll make it simple for you. Do this:
https://maryland529.com/college-savings-plans-of-maryland/maryland-college-investment-plan

This can be used at any college, and for secondary private school also (thanks to new tax law passed in December).

You get an MD tax benefit on your state taxes by putting it into MD's plan. Move it out later if you like, but MD lowered their fees last year, so personally we're just keeping the money in there.

You can put up to $2500 per parent (or grandparent) per kid, so that's $5k ($2500 for each parent)  each year. You need to have your kid's SSN issued to open the account.

To make it simple, put it in the plan that is based on when the kid will go to college, like the Portfolio 2036 option.

YOu're about to have a baby so you'll have your hands full. You can't go wrong with the above method. You might be able to get slightly lower fees in another state, but worry about that _after_ you put  the $$ into the MD plan, as the tax benefit is worth it.

Done.

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