The Morels are expecting a baby—what wonderful news! Welcoming a child is an exciting new chapter that also brings important financial considerations. We’re here to help make the financial aspects of this transition as smooth and stress-free as possible.
Save enough to pay for baby Morel's education expenses
Plan for part-time childcare costs to give Sarah the flexibility and peace of mind to return to work if she wishes
Set aside resources each year to enjoy an extended family visit with Tom’s parents in Florida
All while saving thoughtfully to stay on track for future family plans — baby number two (and maybe three or four!) — as well as a secure retirement
We will design the Morel’s plan to be simple and manageable, helping them focus on the joy of their growing family. Because Sarah’s work plans and their future family goals may evolve, we’ll build in flexible options to keep them well-prepared for whatever lies ahead. Our plan:
Set up a college savings account to prepare for their baby’s future education
Create thoughtful savings goals for before and after the baby’s arrival, helping the Morels continue living their desired lifestyle
Invest their existing savings strategically to preserve flexibility for upcoming family and lifestyle expenses
This material is for illustrative purposes only and does not constitute advice for any specific client or situation.
Sean and Lisa’s oldest son just graduated high school and they’re excited to see what the future holds for him. With two younger children approaching and attending high school, they’re worried about finding the right balance between funding their children’s education and staying on track toward their own retirement goals.
Cover half the expenses for each child's college education
Take a vacation with the whole family each summer
Move into a smaller home once the youngest child begins college
Do all this while maintaining sufficient savings to remain on track towards retirement goals
We want the Larkins to fully enjoy this exciting stage in their family’s life, so our goal will be to design a straightforward and manageable plan for them. The key steps in this process include:
Evaluate and set savings goals that will support their education support goals and desired lifestyle
Analyze and model the financial implications of downsizing on their overall financial position and future savings needs
Transfer funds earmarked for their children’s education into tax-advantaged savings accounts
This material is for illustrative purposes only and does not constitute advice for any specific client or situation.
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Our primary focus with Laura will be to ensure she has the knowledge and resources necessary to effectively advocate for herself and her children throughout the divorce process. After the divorce, we will work with her to develop and implement a comprehensive financial plan that supports her long-term goals and ensures stability for her family.
Ensure that adequate resources are in place to support her children’s educational needs
Have the financial capability to enjoy a family vacation each year
Be able to provide for all essential and supplemental needs of her children
All of this while continuing to stay on track with retirement savings
While our ability to assist with divorce proceedings is limited, we can provide valuable guidance to help Laura understand how the terms may affect her family’s financial well-being. Our initial steps with Laura would include:
Evaluate how modifications to the divorce terms would affect the family’s new financial circumstances
Ensure that all education savings for her children are held in tax-advantaged accounts
Develop a savings plan tailored to her new financial situation
This material is for illustrative purposes only and does not constitute advice for any specific client or situation.