Financial Advice for Parents

07 Nov Financial Advice for Parents

Did you know it will cost a middle-income couple slightly more than $245,000 to raise a child born in 2013 to the age of 18.?!  On this episode of Yoga | Birth | Babies, I speak with financial advisor, Amy Brackett.  She and I discuss the daunting task of getting personal finances in order for the transition into parenthood. For anyone who is not already a financial advisor, this podcast will help demystify how much childhood really costs and how to best plan and prepare for it!

In this episode:

  • What brought Amy to this line of work
  • Some of the biggest mistakes you see new parents do in terms of their finances
  • Planning financial goals post baby- areas new parents should consider and focus on
  • Affording childcare : planning and budgeting for the early years before full day schools
  • Is there a rule of thumb for how much to save?
  • The best way for a parent or guardian to go about savings for college-
  • Planning retirement and college funds a the same time! i
  • How much to have in an emergency fund
  • Tips for estate planning and wills

More about Amy

Amy Brackett, CFA, is a Senior Vice President at The Solaris Group, a specialized wealth management and investment consulting firm which manages money for individuals, families and non-profit institutions. Amy is involved in all aspects of the client relationship including asset allocation and manager selection, and is a member of the Solaris Investment Committee.

Amy serves on several Boards and Finance Committees including the Board of Bowery Babes, a group for moms living in downtown NYC.”   She also writes articles on personal finance topics relating to families at Savvy-Parents.com.

 

Amy lives in Manhattan with her husband and two children.

You can contact Amy at brackett@solarisgroupllc.com

or 917-566-3811 https://solarisgroupllc.com/.

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