Hi all! Wife and I had our first kid 7 months ago. We already have around $4k for her just sitting in a high yield savings. We put about $85-100/month in the account. We mostly had used the account it for buying newborn things during pregnancy, ect.
Is it worth it to open up a 529 account for her and put the money we have saved for her and the money per month in there? Is a simple investment account better and just put it in the S&P 500? We live in Florida!