Week 5: Tactical but important to-dos
In the United States, the Affordable Care Act (ACA) requires that insurance companies allow new parents to enroll their newborns in a health insurance plan within 30 days of birth.
As new parents, your top priority is providing the best possible care for your baby. However, it's also essential to consider your family's financial security by exploring life insurance, creating a will, and taking other critical financial steps.
Consulting with a dedicated financial advisor can help you make informed decisions to safeguard your family's future.
Here are some things a financial advisor can help you think through:
Life Insurance: A Safety Net for Your Loved Ones
Life insurance offers invaluable peace of mind, knowing that if anything were to happen to you, your family would be financially secure. With various policy options available, a financial advisor can help you find the right coverage to ensure your partner and little one can maintain their quality of life and cover essential expenses such as childcare, education, and everyday living costs.
Creating a Will: A Loving Legacy for Your Family
As a loving parent, you want to ensure your family is taken care of even after you're gone. A will outlines your wishes for your estate and guarantees that your loved ones are looked after according to your desires. Seeking professional guidance will ensure your will is legally sound and comprehensive, leaving no room for misunderstandings or disputes.
The Power of Financial Planning: Building a Bright Future
Taking the time to plan for your family's financial future is a loving and responsible act. With the help of a dedicated financial advisor, you can navigate complex topics such as saving for your child's education, planning for retirement, and creating an emergency fund. By addressing these crucial aspects of your family's financial health, you can rest assured that your loved ones will be well-protected, no matter what the future holds.
By speaking with a financial advisor, you can secure your family's future and enjoy the precious moments with your little one, knowing that you've taken the necessary steps to ensure their well-being.
Resources that can help:
Joy has partnered with dedicated financial advisors who work directly with parents to get them set up financially. Complete the form below to book a free call to speak with someone who will answer all your questions and provide you the peace of mind you need.
