Health & Welfare SPD
The birth of a child should be a joyful event for your family. However, the realization that your child will be under your direct care for almost two decades can be a cause for stress. The planning and care begin even before your child is born, as soon as you know you are expecting. Although you will be busy with day-by-day adjustments to your life immediately after your child is born, you should start considering long range concerns for the future, including savings and college financing. Parents with more than one child also have decisions to make dealing with optimizing the use of family resources to provide for their aging, changing and growing family. At this time, your benefit plans become increasingly vital to your family's well being.
Financial planners recommend that when you have a child you should update a number of personal plans and documents. Here is a checklist of some items which you may need to update, revise, or consider: