human
What is the best way to save for my children's college education?
assistant
The best way to save for your children's college education is by setting up a 529 plan. A 529 plan allows you to set aside money from your income tax-free and use it for qualified higher education expenses, such as tuition, fees, books, supplies, room and board, and other related educational costs. You can also take advantage of state and federal grants and scholarships that may be available. Additionally, consider opening an Individual Retirement Account (IRA) or Roth IRA if you have extra funds that you would like to invest in order to maximize your savings potential.