We did a 529 plan back when daughter was little. She can go anywhere she wants to go, in or out of state.
I just depends on what your specific needs are and what is right for you.
We believe our daughter will be going out of state so we are prepared for her to go that route. As for us, she wants to study in Itlay for a year and also go someplace like Duke (to follow in dad's footsteps). Of course, who knows how many times she might change her mind, she's only 14 1/2.
We will make sure she does not come out of college in debt. We feel it is our responsibility to provide the best education possible for her.
EDITED: I have never in my 47 yrs of life heard of a professional advising to wait on college savings. That is absurd. I would run away from someone like that. OF COURSE, your retirement is very important and crucial. You can do both. It takes a lot of discipline and hard work. We have worked hard to have our daughter fully funded as well as have our retirement fully funded. We are working on a house/wedding fund for her at this time. We strongly feel an obligation to get our daughter out of college debt free AND to be fully funded ourselves so that she has no worries about us when we get older. I'm sorry, I just had to comment on that after I saw the response to put off saving for college.
Best wishes! They grow up TOO fast