The crib is ready and you finally decided on which color to paint the nursery. Now it’s time to get your financial house in order before the new baby arrives.
In the latest installment of Covestor Radio, Kimberly Clouse discusses how to prepare for this major life and financial milestone. The U.S. Department of Agriculture estimates that it will cost the average middle-class family about $235,000 to raise a child born in 2011 to age 18.
Clouse, Covestor’s Chief Client Advocate and Advisory Board Chair, talks about how to plan for a new baby, including health insurance, updating your will and reviewing your life insurance coverage.
Her full interview on Covestor Radio is embedded below:
DISCLAIMER: The information in this material is not intended to be personalized financial advice and should not be solely relied on for making financial decisions. All investments involve risk, the amount of which may vary significantly. Past performance is no guarantee of future results.
