The Royal Baby has been all over the news, including the Financial section of Fox Business with the article “Financial Planning Tips for Will, Kate and Other New Parents.” Even if you don’t have a royal bank account you still should read the article because they give some great tips, like how to:
- Start saving early
- Edit your will
- Update your benefit plans at work
- Update your retirement account
- Start a college savings fund
- Share instructions for how to navigate your life if something happens to you
OK, we added that last one. But whether you’re a new parent, or you are a great-grandparent, make sure your loved ones know what to do in an emergency. Start the conversation now.
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Take the next 5 minutes to tell someone essential information they should know about you, but probably don’t, using The Torch. It’s free!Pass my Torch now!