[ThankgodforRB]

Thanks for the responses guys. I'm currently researching the 529 plans and will post whatever I end up with in case it's of any interest. I think a 529 will be good because when he turn 18 he can use it for college.

I'm still considering a few alternatives as well.

DDD - I believe you did spell Renimbi correctly. I won't have to alert anyone.