How to start a college fund for kids?

If you’ll need the funds soon, you’ll likely want to consider scaling back on the risk,” Wood says. Another way to start a college fund for kids: You can buy savings bonds digitally from the Treasury at TreasuryDirect.gov. They're no longer issued in paper form.

Can a child invest money in a college account?

Your child will legally be able to use the money in the account – for college or anything else – when they turn 18. There's no limit on what you can invest, and of course, the money doesn't have to go toward college.

Should my child invest in a 529 plan?

In general terms, an 529 investment strategy by age involves more aggressive fund allocation when your child is younger, and shifts to a more conservative approach as they get closer to college age. Parents should review their 529 plan investment options periodically to make sure they are still on track to meet their goals.