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Plan for the FUTURE

There will always be short-term needs you'll have to address with the coming of your new baby. You should also consider long-term needs. Balancing the two will help you make the best decisions for your family. Here are some long-term needs to consider:

Providing for Your Family

It's hard to think about how your child will be taken care of if something happens to you. At the same time, it's something you don't want to leave to chance. Life Insurance and a will are two very important things to consider as early as possible in your child's life.

Life insurance can ensure that your child's guardian has the appropriate financial resources to raise your child in your absence.

A will is your assurance that your child will be raised by guardians you choose, instead of being raised according to the wishes of the court.


Each year, the cost of college tuition rises by 5% to 10%. You don't even have to do the math to figure out that college will be extremely expensive by the time your child gets there. If you start now by saving just $50 a month or less in the appropriate type of account, you'll be surprised at how much you have by the time your child reaches college age.

Savings Account
529 College Savings Plan
Coverdell Education Savings Account