Why a Stay-at-Home Parent Should Have Life Insurance

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It probably makes sense that a working parent should have life insurance. After all, your family relies on his or her income and that income would need to be replaced. Life insurance is a great way to do it. But it might not be quite as obvious that a stay-at-home parent should have life insurance too, often nearly as much as the working parent.

Why a Coverdell ESA Is a Great College Savings Tool

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The Coverdell ESA is one of the best places to save for your child's education, and to be honest it's not something I knew much about until recently. In fact, as I've learned more about it, I'm kind of wishing I had put some of our own college savings there first instead of pumping it all into a 529 plan (which is still a great option by the way).

Setting Your Financial Goals: A Basic Order of Operations

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One of the biggest things I see a lot of new parents struggling with is setting financial goals. With so many new responsibilities, it's often hard to figure out how to prioritize and what to do first. So if you're not sure where to start, here's my take on how to prioritize all of your different financial responsibilities.

The Downsides of Saving for College with a Roth IRA

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Even though it's supposed to be a retirement account, there are certain situations where saving for college in a Roth IRA can make a lot of sense. But there are some downsides to that approach too, especially when compared to using a 529 plan. Here are some reasons why you should think twice before using a Roth IRA for your college savings.

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