Securing Your Family's Future: Prioritizing Financial Security for New Parents

On this week's episode, Warren Ingram answers your questions around financial priorities for new parents. A new mom seeks advice on choosing between buying a retirement annuity (RA), life cover, or medical aid, tune in and learn about risk management protection, insurance and more. TakeawaysPrioritize risk management and protection before focusing on long-term savings.Get medical aid first to cover potential medical costs for yourself and your baby.Shop around and compare quotes from different providers for medical aid and insurance.Consider life and disability insurance to protect your child in the event of your death or inability to work.Once insurance is in place, consider long-term retirement savings options like a retirement annuity and tax-free savings account.Ask friends and family to contribute to a tax-free savings account for your child as a gift.Get more insight on how Prescient Investment Management can help you: https://bit.ly/3VGGDxQ Send us Fan MailHave a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod