When it comes to parents and kids, Clark gets more calls about how much college will cost than any other question. He always stresses that parents should be saving for their own future first, and then saving for their children’s college education. That is one important note. The second is that there are a lot of dirty scoundrels out there selling people completely inappropriate plans. In fact, the NASD (National Association of Securities Dealers) found that 90 percent of sales of 529 plans by brokerages have been inappropriate. By inappropriate, we mean that the brokerages are charging monstrous fees for setting up an account. They can line their pockets by recommending plans that aren’t the best for you but cost a lot in commission. The good news is that some of these bad brokerages are heading for the hills because the SEC is after them. That means that the legitimate companies will be left, and that is good news. Even better is the news that the two best companies are are emerging as the giants in the 529 field. Vanguard and TIAA-CREF are considered the best and people are starting to realize this. For help picking funds, check out Clark’s 529 guide. In the next few months, Clark hopes to have several more to offer you. A 529 plan is the best way to save for your child’s college because if they don’t go to college, the money is yours. Not to mention the fact that through 2011, money spent on college education is tax free!