Fannie Mae Preferred S (FNMAS)

[CatBirdSeat]

You better open up a Coverdell ESA soon. You still can contribute for 2012. The thing is, the gains will all be tax free, and unlike with a 529 you can take the money out anytime for education, daycare, and after school care , all before college. The rules for the Coverdell are loose. With the 529 you can only use the money for college.

If your child is young like mine, there is time.