You should set up a 529 when you’re 25 naming yourself the beneficiary. Then when your first kid is born make them the beneficiary. If you never use it not problem you’ll just owe regular tax + 10% penalty on earnings, give back any state subsidy and you can defer tax on earnings for as long as you want.
They can gin to the 529 – give $ to parents and let them open it which is good if granny lives in 0% tax bracket like Florida
Should you buy in your own state?
yes if its a good deal – NO if it’s a crappy deal.
CA, OR, UT, NM, KS, IA, WI, IL, IN, MI, NY, VT, CT NJ, WV, VA, SC, AL, LA
the rest are just so so
ID, MT, ND, SD, NE, TX, AR, MS, TN, KY, FL PA, HI