Episode 45 – 3 Essential Things New Parents Must Plan For
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While a new born child calls for a lot of celebrations, it also gives rise to additional responsibilities for the parents.
In this episode, Royal Standley covers the financial aspect of having a new child. Join him as he walks through the 3 most important things every new parent must look at – estate planning, life insurance and a long-term savings plan for your child, whether it’s for college, their first home or starting a business.
In this episode, you will learn:
- How to secure your child’s future, should something happen to you or your spouse
- Why we recommend every parent to have a life insurance coverage that can provide sufficient financial support to your loved ones
- The importance of establishing a savings plan as soon as your child is born
- And more!
Tune in now to learn how you can build a solid financial plan and give your child a financial head-start in the future!
Resources: Oregon Pacific Financial Advisors | About Royal Standley | Schedule Online with Royal Standley | (541) 772-1116 | Email Royal Standley
Discussions in this show are for educational purposes only. The information presented should not be considered specific investment advice or a recommendation to take any particular course of action. Always consult with a financial professional regarding your personal situation before making financial decisions. The views and opinions expressed are based on current economic and market conditions and are subject to change. All investing involves risk, including the potential for loss of principal. Securities and Advisory Services offered through United Planners Financial Services, Member FINRA, SIPC. Oregon Pacific Financial Advisors and United Planners are not affiliated. United Planners and its representatives do not offer tax or legal advice.