I wanted to help with my niece’s college education so I found out about 529 college savings plans and found this one online. I don’t think I am investment savvy so I needed something that was easy to open and continue, I just needed her SSN and opened the account online. You can pay by automatic deposits or mail in checks. I get monthly activity statements in the mail. The money must be used for college and some vocational schools. Federal tax free til 2010.