My wife and I had our first child in May. The moment they let us take our beautiful daughter home from the hospital without a nurse to guide us was when we realized the newfound responsibility that a child brings!
For the past nine years working as an advisor, I have been helping others plan for many of the important events in their lives, including marriage, children, retirement and leaving a legacy for their family. As I enter a new stage myself, I thought I would share some of the financial steps I took to help secure the financial future of my family.
If you earn 5% per year on your investments, you will need to save $739 per month to meet your goal, but what if something happens to you along the way? Do you have a self-completing college fund program? Did you know you could buy $250,000 of 20-year level term insurance for less than $20 per month?
What happens if you are not here to save or pay for your child’s college? What if you get hit by the proverbial bus? Here’s what you need to know.
There’s no denying that, as a parent, you want the best for your child: good health, happiness and a productive and satisfying career. And one of the keys to achieving that future is education and training. According to The College Payoff (a 2011 report from the Center on Education and the Workforce), “In 2002, a […]