<prompt> Human: I work as an independent contractor. I make 80kyear. My 3 children are 10,8,6. What type of accounts are recommended for me to invest for my childrens future? Is it better to have three accounts or one large account? Thank you in advance.EDIT: I am primarily looking for accounts for my kids college. I am thinking of investing 70k per child leaving me 40K to play with. I really dont have much debt, my house payment is very low and I owe very little. EDIT2: Thank you so much for all the advice! I have a lot to think over, but this community has given me encouragement and perspective. I greatly appreciate everyones response!  <response>: So sorry for your loss. I went through something similar.Dont forget to contact social security. Your kids are eligible for survivor benefits based off your wifes social security earnings. It will be paid to you monthly until your children reach 18. Depending on your wifes work history it can be a substantial about of money. 