Marriage & Young Families

Why It’s Important for Young Families to have a Financial Plan

You’re young, just married and dreaming big. First child. First home. Young families have much to plan for. Planning for financial security should be high on your to-do lists. And when planning for a financially secure future, you should begin with your needs, including:

  • Your need to be sure your loved ones will be taken care of.
  • Your need to protect your income.
  • Your need to save for your children’s education.
  • Your need to build wealth for your retirement.
Most young families mistakenly believe that financial planning and investing are things reserved for wealthy people or old people. Remember, you may be getting by and making ends meet now, but you need to be prepared for life’s surprises and for your retirement.