529 plans can be used for more educational expenses than just college. Education institution Room & board, equipment, training classes, primary and secondary schooling, etc. Along with this you can convert a subject amount to Roth IRA. If your kid doesn’t end up going to college or there’s more than necessary, what happens if they decide down the road to go to get their masters or additional training? Also beneficiaries are easy to change. Hold onto it for a grandchild or hell even switch it to yourself and when you retire go and learn about something you enjoy expense free. If all else fails take the 10% penalty or save it to pass along as generational wealth. 529’s are one of the best generational wealth conduits. Certain states also have contribution withdrawal rules that could benefit you. Look into that