Tax-free college savings: Coverdell
I have a Coverdell savings account for my 3 y.o. and am planning to start one this year for her little brother. It’s similar to a Roth IRA. http://nyti.ms/byRrkA
Our account is with Vanguard and is at breakeven after two years. It’s only $2k/year but hopefully will grow into something decent by the time my kids need it. The funds can also be used for K-12 expenses, a nice feature that you don’t get with a 529.
