[onewhippedpuppy]

Question 1: With Christmas coming up, we suggested to my parents as part of our 20 mo old sons gift contributing to a savings account of some kind. When my wife was a child her grandparents bought her a savings bond every Christmas and B-day, but aren't there better options? What would be the best option for roughly a 20 year period of time? Bond vs CD vs mutual fund vs ?

Question 2: We plan on starting some sort of college/ general savings account, what are some good options? I know this may be somewhat state dependent, as they often advertise KS college savings funds, but before we go talk to our Waddel & Reed guy we'd like some impartial advice. We want something that will grow well with minimal taxes on the interest, but that doesn't have to be used for tuition when the time comes. Ideas?

Thanks!