Ms. Parras is starting a new job next month as an accountmanager at an Internet company, but the position doesn't offer health insurance, and she plans to buy it on her own.
Essentially, an investor can just put money in an age-based investment option within a 529 college savings plan account and the money manager will automatically change the allocation of stocks and bonds to a mix that is less heavy in stocks and more heavy in bonds and cash as college draws near for theaccount beneficiary.