Quote:
Originally Posted by Enoch Root
There is no advantage of individual plans over a family plan (other than mental accounting). So the cost savings alone give the family RESP the advantage.
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Well, just to be clear, to me the mental accounting is a drawback for people. Not that we need to do a deep dive here, but money is fungible. So while a lot of people like to think of it in terms of the separate accounts, it’s not really a factor and not optimal.