Compare Your Options

A state-sponsored investment account designed specifically for education expenses. Contributions grow tax-free, but funds must be used for qualified education costs or face penalties.

Custodial accounts that allow adults to transfer assets to minors. The child gains full control at age 18-21 (depending on state).

A retirement account with tax-free growth and withdrawals. While primarily for retirement, contributions (not earnings) can be withdrawn penalty-free anytime.

Permanent life insurance with a guaranteed cash value component. Provides lifetime coverage with fixed premiums and guaranteed growth.

A tax-advantaged account for education expenses with more flexibility than 529s (can use for K-12) but strict contribution limits.

A basic bank account that earns interest. Simple and safe, but with minimal growth potential.

A standard investment account with no special tax treatment. Full flexibility but all gains are taxable.