<prompt> Human: So I am a new parent and of course I know pretty close to nothing about finance. I am considering opening up a 529 for my daughter but contributions will be pretty minimal for a few years. I am wondering if the 529 is the best way to save for my child or if there are better options. I have heard Utah has the best 529 plan but I just cant really understand what the risks are besides if my kid doesnt go to college but then I just have to pay taxes on the withdrawal. Can I open a Roth IRA for her yet or does she have to do that herself? Sorry I am really new to this and quite frankly a little clueless but any help would be greatly appreciated.Assistant: Make sure youre saving sufficiently for your retirement first.Your infant does not have earned income therefore she cant contribute to a Roth IRA.Human: We both have TIAA CREF retirement accounts through our companies that match our contribution up to 3 and plan on opening ROTH IRAs for us in the next few years. We are just worried about saving for her as well.  <response>: How much are you contributing? 6 assuming youre only contributing enough to get the match isnt enough. Save for yourself first. You should be opening a Roth IRA for yourself now, not waiting a few years. 