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.
Compare daycare against the second income after taxes and work costs, not the salary. With one child, the math usually still favors working.
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.
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.
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.
Four ways to invest for a child: a 529 plan, a custodial account, a kids' Roth IRA, and the new Trump Account.
The child tax credit, the dependent care FSA, the care credit, and 529 plans: what each is worth and which one people miss.
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