You might want to start saving for a child’s college education with your state’s 529 plan. This type of plan may also offer you a tax deduction in the year you make a contribution.
But before you just assume you should do the plan offered by your state, consider the fees and the return on your investment. Click on the link below to see how states compare for fees and returns.
State plans offering the lowest fees are more near the left axis. Those offering the highest returns migrate toward the top of this chart. Just mouse over a yellow dot to see the state info.