While it may seem obvious, having kids drastically changes your financial plan. This episode will cover some of the obvious and less obvious changes and give you practical ways to think about making the tradeoffs you will have to make. Topics covered include:
- Budgeting for kids before having them
- The Kindergarten myth
- If childcare eats one salary, should someone step back?
- Putting your own oxygen mask on first (balancing retirement vs education savings)
- The most important estate planning decisions you need to make sooner rather than later
- How the tax code typically helps parents out
- And much more!
