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135 - Newborn 101: What to Expect When You're Expecting
Description
Scott and James discuss what to expect when you're expecting.
Listener Question
My wife and I are expecting, and I want to start planning from a financial perspective. I'm considering a 529; if I remember from a previous episode, you guys said you can start funding that before the child is born? I'm also looking into dependent care FSAs for child care expenses. If a kid is due in July, does it make sense to wait and enroll in the dependent care FSA then? Are there any other investment vehicle options to consider? Or general suggestions on cash to have on hand once a child is in the picture?
Planning Points Discussed
- Retirement Planning
- Utilizing Time Efficiently
- Capital Appreciation
- Purchasing Power
- Other issues (IRAs, Inflation, Financial Goals, etc.)
Timestamps:
3:40 - Income Changes
6:02 - Family Updates
10:18 - Lifestyle Changes
14:02 - 529 Plans
18:12 - HSA Benefits
19:29 - Aligning Your Financial Goals
LET'S CONNECT!
James
Scott
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