Description
If you are planning to have a child, or you just had one, there are some financial preparations that you may find extremely beneficial in the long run:
1. Cash Flow: Create a realistic budget and increase your emergency fund;
2. Estate Planning: Pick your guardians, create a trust, or at least complete the free estate planning templates your state provides;
3. Life Insurance: Now that you have (or are about to have) another person who depends on you, please review your insurance needs. It's a risk management tool, not an investment!
4. Education Planning: Utilize 529 plans and other useful investment vehicles for your child;
5. Tax Breaks: Talk to your advisor and CPA about child and dependent care credits, FSAs, and other tax benefits.
This is our 2024 first-quarter commentary. Nathaniel discussed 3 main topics: US stock market performance, and why the S&P 500 doesn’t truly reflect the overall stock market; inflation, and how it impacts your investments; and lastly, the 2024 presidential election and how it may affect your...
Published 04/19/24
In this episode, Nathaniel and Tim discussed what the S&P 500 index is, its performance, and does it truly represent the overall stock market. From January 1 to June 20, 2023, the S&P 500 increased 14.3%. That's well above the 10-year and 20-year averages through that same time period...
Published 08/18/23