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Those of you who are saving for college should check out having your child open a Roth IRA in contrast to you participating in a 529 plan. Your child will have to have a job (hire him/her to work in your business!) in order to participate. All contributions to the Roth can be taken out at any time for any reasons (excluding the earnings/interest on the contributions) without tax penalties! And, because the Roth is a retirement program, it usually does not show up on FASFA. This is a much better deal than the 529 plan for many people. Check with your accountant or financial planner for more info.
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