Getting your financial house in order before the baby arrives

by John Spence|Published July 11, 2014

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.

AUTHOR

John Spence

John leads the editorial organization at Covestor, including the production, editing and distribution of content. He has extensive experience with creating high quality financial content and his work has appeared in several national newspapers and print publications, including The Wall Street Journal, Washington Post and the Chicago Tribune. Previously, he covered personal finance for MarketWatch.com and ETFtrends.com. In his early career, John was an editor for IndexFunds.com and IndexUniverse.com. From 2004 to 2011, he also wrote a weekly ETF Investing column for Dow Jones. He earned a BA from Middlebury College, and an MFA in Writing from the University of San Francisco.

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