For new or expecting parents, focusing on the big picture may seem tough once your new addition arrives. Between being sleep-deprived, juggling naps, feeding them enough, and trying to keep a consistent schedule, the last thing you are probably worried about is keeping your finances on track. Alexander Financial Services in Greenville, NC is here to help you with a few financial planning tips to consider so that you are fully prepared for the upcoming milestones in your little one’s life.
Adequate health insurance is crucial, but you’ll also want to consider the importance of Greenville NC life insurance. Greenville NC life insurance can pay for the things you’d like your family to have, such as a paid-off mortgage, school tuition, or a future wedding. Life insurance can help protect your growing family by making sure financial resources are available to them if you’re no longer there and can provide peace of mind for your partner and loved ones.
Greenville NC disability insurance can also be a major help if one or both parents becomes unable to work due to a disabling illness or injury. While you may have employer-provided disability insurance, make sure that it will be enough to cover essential expenses like your mortgage, debt, childcare, and household expenses for a reasonable length of time. You may want to consider supplementing your existing coverage with an individual policy or using an individual policy instead to provide more customized coverage for your needs. While you shop around for Greenville NC disability insurance, keep in mind that some policies may pay benefits only if you can’t perform any work at all, rather than being unable to do the specific type of work you currently do.
If you must choose between saving for college and saving for retirement, choose Greenville NC retirement planning. Your child will likely have more than one way to pay for college, including scholarships, loans, and grants, but you can’t make up lost retirement savings. It’s great to care for your kids, but not if it means potentially burdening them financially for your care later on. From calculating your medical insurance to your Social Security collections, Alexander Financial Services’ Greenville NC retirement planning will help you with everything you’ll need to know well before you retire.
At Alexander Financial Services, we strive to help each and every one of our clients find the insurance options that work best for their life. If you need health, life, disability insurance, and more, we’re the team to turn to. Contact us today for all of your Greenville NC retirement planning, life, and disability insurance needs!
