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Financial Planning For Parents

Episode 10 of the Something Personal podcast, hosted by Palisades Hudson Financial Group, titled "Financial Planning For Parents" was published on December 18, 2024 and runs 31 minutes.

December 18, 2024 ·31m · Something Personal

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Summary

Choosing to have children is a deeply personal decision that incorporates diverse practical and emotional factors. But once you decide to become a parent, it is worth taking the time to think about how this change will affect your financial life. From the costs of pregnancy and childbirth to paying for a college education, parents face a variety of planning challenges and opportunities. Rebecca Pavese, CPA, returns to the podcast to offer her perspective as a financial planner (and as a mom). Join Rebecca and host Amy Laburda as they talk about how to budget for new expenses; what tax breaks are available to parents; why wills are crucial for parents; planning for ART, surrogacy or adoption; and much more. Links: What Is Wealth? (with Larry Elkin) 2024 Report on the U.S. fertility rate from the National Center for Health Statistics Paying For College, Start To Finish (with Thomas Walsh) More information about the Baby M case:  “ What to Know Before Your Surrogacy Journey” (The New York Times)

Episode Description

Choosing to have children is a deeply personal decision that incorporates diverse practical and emotional factors. But once you decide to become a parent, it is worth taking the time to think about how this change will affect your financial life. From the costs of pregnancy and childbirth to paying for a college education, parents face a variety of planning challenges and opportunities. Rebecca Pavese, CPA, returns to the podcast to offer her perspective as a financial planner (and as a mom). Join Rebecca and host Amy Laburda as they talk about how to budget for new expenses; what tax breaks are available to parents; why wills are crucial for parents; planning for ART, surrogacy or adoption; and much more.

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