Tuesday, May 20, 2014

Plan Now for the Future

Photo Credit: Don Mason/Brand X Pictures/Getty Images
Redbook Magazine
By Robert “Bobby” F. Stierwalt, Jr., Guest Blogger

Mothers, fathers, SOON-to-be parents…

Having a baby is a life changing event! Maybe you need a bigger home and possibly more sleep. Furthermore, the other added responsibilities that come with having a baby can be overwhelming.

Caring for your children’s present and future needs is likely foremost in your thoughts; this is where we can help.  We can enable you to achieve these goals.  First and foremost, life insurance is  important for families to help provide security and comfort.  It creates a sum of money which, in the event of your untimely death, may allow your family to maintain their standard of living and keep future goals within reach.

Even though your baby is years away from choosing a college, now is the time to start planning.  Do you have any idea what the cost of college will be and how will you be able to afford the college of your child’s choice?  Eighteen years may seem like a lifetime, but it will take that long to properly save for college expenses.  Consider that $8,665 is the average total tuition and fees at four-year public colleges and universities in 2012-2013, an increase of 13.9 percent from two years ago.  The total average tuition and fees at four-year private colleges and universities are $29,056, a 6.4 percent increase from a year ago. (“Trends in College Pricing.”  The College Board, 2012).

From College-connecting.com
New York Life and its agents can help you plan for your protection and college funding needs. Starting in June, we will be offering a monthly “Money Mommy Lunch,” as well as a monthly pizza dinner for both parents to share how we work with families – young and old – to plan for the future. Keep an eye out for the dates and times to be held at A Nurturing Moment soon!

Bobby is a Financial Services Professional with New York Life. You can reach him via email or by phone at 256-517-5909 (office) or 703-232-0268 (cell). His office is located at 200 Clinton Ave., Suite 600. Bobby and his wife are expecting their first child in August, so they are ANM parents, too!

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