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The birth of a child is an exciting time for the entire family. Soon, that excitement turns to thoughts of serious financial planning. It may be the first time you’ve considered the importance of life insurance and estate planning. You may also wonder how to budget for the long-term costs of child rearing and how to protect and provide for your child’s financial future.
In this section, we’ve highlighted two ways to invest for a child’s education. Savings bonds provide a safe investment and are one of the few investment options that can be held in the child’s name. We’ve also included information on 529 Plans that can help you to start saving now, so that when your baby is headed to college, you’ll be prepared.