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Message: <blockquote data-quote="Hirschkopf" data-source="post: 4207805" data-attributes="member: 50724">I confess to spending almost as much time on an investment website as I do on OK Shooters.For a child, a 529 is a good idea. The return on them depends on what funds are placed into them. I use Vanguard 529s focused on the projected year a child will start college/vocational education. They offer lots of other options, and the most aggressive (riskiest) returned about 22% last year. Basically, you pick what mix of index funds you want in the 529.[URL unfurl="true"]https://investor.vanguard.com/investment-products/list/529-portfolios[/URL]Fidelity Investments likely has similar options.Like many states, Oklahoma allows you to deduct what was placed in a 529 from your taxable income (within limits). Thus, you save on taxes now, and the growth is federally tax free if spent on qualifying expenses. In many states, you are not limited to plans offered by your state.</blockquote>