Ron Harris
Hi Ron,
Yes, the 529 is a powerful tool for college savings if that is a personal goal for you. I use it for my daughter. The power of federal tax free growth for 18 years can't be ignored. And it varies state by state, but in CT where I am I can deduct my contributions from my state income taxes up to 10k/yr. So I think it's a great way to both, create a fully separate college savings for your child and avoid taxes and thus receive a better after tax return.
Ben