And college is starting in two years. We already have a 529, I don't want to put 100k there this year.

The future student already has a universal life insurance policy with a guaranteed insurability option. Should I consider that, or start a Roth IRA?

Thanks for any advice you can provide.

If there is a Roth, there is earnings. Is income big enough to exceed Roth limits and could income be structured as business income? If so, consider starting a 401(k). May seem silly at that age, but imagine plowing $ into a Roth 401(k) bucket over a few years. Would make a dent in the $100k, teach valuable lessons, and be a huge leg up for the future.

The annual limits for 529s and Roth IRAs are pretty low, so most it has to find a home elsewhere anyway. If it were me, with that amount of money and college being so close, I'd stick it in a pretty low risk taxable fund. There might be more savvy answers out there, but I'd keep it pretty simple at this point

Speaking as a parent whose daughter just graduated, I would have put a little less in the 529, and more in a general savings fund. There are a lot of expenses that the 529 can't cover, and it would have been nice to have more dedicated funds for those things (insurance, etc)

This is your child's money or yours that you are gifting to them? Could consider buying a house on campus with it and having the roommates make your mortgage payments.

This is assuming college is mostly taken care of already through 529. Maybe I'm reading it wrong and the idea is to use this to pay for college.

S&P 500 index , pay me my 2 & 20