Choose a 529 plan
Compare state plans, fees, investment options, and tax benefits
Check whether your state offers a tax deduction or credit for contributions
Gather the account owner’s personal information
Gather the beneficiary’s personal information
Decide how much money to contribute initially
Select the investment option or age-based portfolio
Open the account online, by mail, or by phone
Name a successor owner if allowed
Set up automatic contributions if desired
Review the plan rules, fees, and withdrawal guidelines
Keep records of contributions and account statements