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I'm going to set up college savings (and general savings) for DS#2.

For DS#1 we did:

Vanguard UTMA w/$1,000

WI 529 w/$25/month contributions


I'm thinking of doing the same for #2. I like the idea of them having some non-college designated money.

This was just my "let's do SOMETHING" plan for #1. I realize it won't add up to much.

I also wonder if we should be saving more taxable in our names. Our retirement savings seems to be going OK, and so I'm thinking of upping the amount we save for college, but maybe doing it in our names taxable so it would be available if we need greater flexibility.

Any thoughts? critiques? We're not sure if the boys will go to college, or if they may choose to go military (w/college benefits) or into the trades.

I plan to sign up for UPROMISE too.

Thanks!

The kids are YOUNG - 22 mos and 1 mo. (also means not a lot of extra time to do exhaustive research) Thanks for the advice!

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