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I Have Children

Kids change the financial questions that matter. It's less about growth now and more about protection: what happens to your family if something happens to you, and what you're setting up for them down the road.

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3 moves, done early, that matter more than almost anything else.
This isn't a long list. It's a short one, done in the right order, while your kids are young. Term life insurance to cover the income-earning years, a will and trust so the decisions are already made, and a 529 plan so time value of money works for tuition the same way it works for retirement.
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Article

Term Life Insurance: How Much, and For How Long

When our kids were born, my wife and I each got 30-year term policies, sized to cover the years our income actually matters. In 30 years, our investments should be there and our kids should be independent. That's the window you're actually insuring.

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Article

A Will and a Trust: The Decisions You're Making Now Instead of Later

Who raises your kids if you can't. Who controls the money until they're old enough to. A will and trust aren't about being wealthy. They're about someone else not having to guess.

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Article

529 Plans: Time Value of Money, Applied to Tuition

Pay a little, relatively, up front, or let your kids take loans and pay interest at the end. The same compounding math that works for retirement works here, just running toward a different number.

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