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 to start early and set aside a specific amount each month. Consider setting up an automatic transfer from your checking account or savings account into a 529 plan, which can help you avoid fees and maximize tax advantages. You may also want to consider opening a Coverdell Education Savings Account (ESA) if your child is under the age of 18. With an ESA, you can contribute up to $2,000 per year, with no income restrictions, and withdraw money without penalty for qualified higher education expenses.