I have looked into 529s some time ago, and decided it did not make sense for us to invest in it.
Now, the in-laws want to do it. But they want us to find the one we like, open it and they will contribute the money.
I've done some reading here, and it seemed like people think that the ones run by vanguard (like Nevada) are better choices even if your state offers tax breaks (our state offers it, but the inlaws state does not). Not that this matters to us, since we do not plan on putting anything in it. My understanding was that the reason for this is that the fees tend to eat up any advantages.
So some very newbie questions
1. what should i look for when choosing which 529 to open?
2. Is there a good page somewhere that has done these comparisons? or that can answer these questions I have.
3. Will we run into any tax issues if this account is open in our name but inlaws fund it? They want to put 30K a year in it. So not a small amount.
4. Or would it make sense for it to be in kid's name?
5. does it make sense to worry about whether this will impact any financial aid? SInce at least I plan to be FIRE'd by the time the kid is in college (if not my SO)? but obviously at that point I plan to have a stash to live off of, not sure if that would makes us ineligible anyway....
6. anything else I am not thinking of I should know about 529s?