New Family Finances Plan
This plan is perfect for couples who have recently had their first baby, have young children or are thinking about starting a family.
What You Get:
You get four meetings with Dave
and between-meeting work to create your:
- Customized RightCapital Retirement Plan to firmly answer the question, “Can we save for college and still do the things we want to do?”
- Comprehensive Financial Plan focused on your goals and encompassing all cash flow, tax, estate and insurance considerations.
- Prioritized action plan to keep you focused on the actions that will make the biggest impact on your personal finances with the least amount of effort on your part at this busy life stage.
What It Costs:
$2,500 – $3,500
New Family Finances FAQ’s
How do you help new families plan financially?
I assist new or growing families with budgeting, emergency funds, education savings, insurance and balancing income challenges when one spouse pauses a career to care for children. Time and money are precious commodities for you at this life stage and we make the most of both by developing efficient, easy to implement financial plans.
We're at a super-busy life stage right now. What is the time commitment required to do this planning work?
We make good money but we have lots of competing demands for our cash. Can you help us sort through that?
This is true of almost everyone at this life stage when trying to juggle the daily cost of raising children, saving for college, buying a first home and planning for retirement. We’ll put together your New Family Cash Flow plan to balance providing for future needs with creating lasting family memories now.
I want to make sure my kids are taken care of if something happens to us. Will we talk about that?
We sure will. I’ll give you detailed instructions for how to put your basic estate planning documents in place (will, power of attorney, health care proxy and living will) and also discuss online and attorney-assisted options to put a trust in place to make sure your kids have their needs met both now and in the future.
Is college planning part of this plan?
Yes. We’ll walk through how much to save and whether it makes sense to use an in state or out of state plan to save money for school and get tax free growth on the investments.
What It Costs:
$2,500 – $3,500
• Plan pricing is based on the complexity of your financial situation. Complexity increases with the addition of elements such as real estate investing or owning one or multiple businesses.
• Ongoing support to help you implement your plan is available beyond this four meeting package at a discounted hourly rate of $240/hour.
Together We Will
Create multiple retirement plan scenarios that look at the impact of varying your age of retirement, spending in retirement and incorporating goals like buying a new, larger home for an expanding family, saving for college or family vacations.
Decide how you will approach helping your kids with college both philosophically and from a math standpoint.
Explore life insurance and estate planning considerations (trusts and wills) to ensure your spouse and kids are provided for should the need arise.