New addition to the family?
A new birth, adoption, or guardianship can introduce new financial needs. Please reference this list for potential to-do items to consider.
Talk to your financial professional about:
☐ Your comprehensive financial strategies including any need to increase your retirement savings
☐ Your life insurance policies
☐ Contributing to a college fund
Additional action items:
☐ Add your new dependent as a beneficiary to existing accounts
☐ Consider setting up an account for your new dependent
☐ Add your new dependent to your existing health insurance plan
☐ If available, adjust your health savings account (HSA) contributions
☐ If available, consider participating in a dependent care flexible spending account (FSA)
☐ Talk to a professional about creating a will or trust to include your new beneficiaries
☐ Talk to a professional about your potential tax deductions