Summary: <p>Did you know it will cost a middle-income couple slightly more than $245,000 to raise a child born in 2013 to the age of 18?! On this episode of “<strong>Yoga| Birth | Babies,</strong>” I speak with financial advisor, Amy Brackett. She and I discuss the daunting task of getting personal finances in order for the transition into parenthood. For anyone who is not already a financial advisor, this podcast will help demystify how much childhood really costs and how to best plan and prepare for it!</p> <p><strong>In this episode:</strong></p> <ul> <li>Some of the biggest mistakes new parents make in terms of their finances.</li> <li>Planning financial goals post baby: areas new parents should consider and focus on.</li> <li>How to pay for childcare: planning and budgeting for the early years before full days of school.</li> <li>Is there a rule of thumb for how much to save?</li> <li>The best way for a parent or guardian to go about saving for college.</li> <li>Planning retirement and college funds a the same time!</li> <li>How much to have in an emergency fund.</li> <li>Tips for estate planning and wills.</li> </ul> <p><strong>About Amy: </strong></p> <p>Amy Brackett, CFA, is a Senior Vice President at <a href="http://www.solarisgroupllc.com/" target="_blank" rel="noopener">The Solaris Group</a>, a specialized wealth management and investment consulting firm which manages money for individuals, families and non-profit institutions. Amy is involved in all aspects of the client relationship including asset allocation and manager selection, and is a member of the Solaris Investment Committee.</p> <p>Amy serves on several Boards and Finance Committees including the Board of Bowery Babes, a group for moms living in downtown NYC.” She also writes articles on personal finance topics relating to families at <a href="http://www.savvy-parents.com/author/amyb/" target="_blank" rel="noopener">Savvy-Parents</a>.com.</p> <p>Amy lives in Manhattan with her husband and two children.</p> <p>You can contact Amy at <a href="mailto:brackett@solarisgroupllc.com" target="_blank" rel="noopener">brackett@solarisgroupllc.com or</a> <a target="_blank" rel="noopener">917-566-3811</a>.</p>
