Episode 4: The top financial consideration all new parents need to make
Description
Are you a new or soon to be parent? Congratulations on the new addition to your family!
The path ahead may seem daunting, but with careful planning you can take steps to secure you and your little one's financial future. Join Stuart Smith, CFA® as he sits down with Wealth Advisor and CERTIFIED FINANCIAL PLANNER™, Mitchell Lamoriello to discuss the top financial considerations all new parents need to make.
Decisions before the birth of your child:
-Budgeting (2:19 )
-Emergency Fund (3:18 )
-Leave Options (6:37 )
-Health Insurance (10:33 )
-Life Insurance (13:05 )
-Disability Insurance (18:23 )
First 30 days after the birth of your child:
-Social Security Information/Birth Certificate (21:02 )
-Adding your child to your health insurance (21:30 )
-Child care (22:29 )
Longer-term considerations:
-Estate Planning Documents (25:15 )
-College Savings (28:27 )
-Health Savings Account (32:12 )