Family Plan
Let's say you have 2 individual plans and contribute the max each year and each plan grows to $100,000 (just using round numbers).
If one child's education costs $130,000 and the others costs $70,000 you're stuck with money in one plan. If you had all $200k in a family plan you could allocate it out based on need and educational costs.
I say the family plan works out better in that type of situation.
Let's say you have 2 individual plans and contribute the max each year and each plan grows to $100,000 (just using round numbers).
If one child's education costs $130,000 and the others costs $70,000 you're stuck with money in one plan. If you had all $200k in a family plan you could allocate it out based on need and educational costs.
I say the family plan works out better in that type of situation.
