Major Life Transitions
There are a lot of major transitions we go through in life that have a big impact on our finances—and yet, many people fail to plan for them. So, in this episode, I’m going to cover some of the most important life transitions and the pivotal financial decisions to make around them. Whether you are starting a family or planning your retirement, it’s crucial to plan ahead to protect your finances and the finances of your loved ones.
Listen in to hear some of the biggest mistakes people make when navigating and planning for the big moments in their lives and the lives of their children. You'll hear tips that will help you get your family set up saving early and ensure you are more prepared for those pivotal life moments.
Listen To The Episode Here:
What You’ll Learn:
- The importance of protecting yourself with a prenup.
- Key money conversations to have to protect your relationships.
- Planning for the costs of having and raising children.
- The importance of having balance when saving for kids and teaching them the value of money.
- College planning and what you need to know about 529 plans and loans.
- What to consider when it comes to special needs children.
- Where to start when planning for aging parents.
- The importance of planning for your own death and the death of your spouse.
Ideas Worth Sharing:
- "The more you have financial conversations with your partner, the easier it is to have them going forward. And maybe later you can do a deeper dive into the topic of your finances and get into the planning." - Regina McCann Hess
- "I know there’s no registry for daycare expenses – but there should be!" - Regina McCann Hess
- "Nobody wants to die and, also, nobody really wants to plan for it. It’s a topic that’s really difficult for people to handle, but how is it going to impact your family members?" - Regina McCann Hess
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