It is a good thing to point out that most of the section 529 plans (that are the saving plans) offer a lot of different age based asset allocation options. This pretty much means that the underlying investments of the money become more conservative as the beneficiary gets closer to the college age. Be sure to do research on this before you sign up with one of the 529 plans. Remember, a lot of these plans are different depending on where you get the plan from. However, either way this is very important information to keep in mind whenever you are thinking about setting up one of these plans.