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Retirement & Planning
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Expanding Your Family

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Expanding
your family

Adding a new member to the family or blending two families together is an exciting time in life, but it can also have a significant impact on your finances. Let us help you achieve a more secure financial future for your new, expanded family.

A Schwab Financial Consultant can help you:

  • Reassess your short- and long-term financial goals, taking into account child expenses and daycare/education costs.

  • Get insight on how to adjust a family budget to incorporate your new addition(s).

  • Discuss life & disability insurance needs to protect your family.

  • Review your beneficiary designations on your 401(k)s, IRAs, and insurance policies.

  • Find a Schwab Tax, Trust, and Estate specialist to help you create or update your estate plan to protect your family and assets.

  • Estimate how much you will need to save for college.  Discuss opening a college savings plan to begin saving early: consider a 529 college savings plan to take advantage of tax benefits.

Need help?

Call us at 877-302-5886 or visit your local branch.

What to do on your own:

  • Request a Social Security number for your new child (if applicable).

  • Update your budget and adjust your spending. Factor in costs such as diapers, formula, clothing, child care, and medical insurance.
  • Visit schwab.com/moneywise for helpful tips, activities, and tools you can use to raise money-savvy kids.

Helpful Tools



Let us help you establish a sound financial future for your family.

Call us at 877-302-5886 or visit your local branch.

Brokerage and Insurance Products: Are Not Deposits • Are Not FDIC Insured • Are Not Insured by Any Federal Government Agency • Are Not Guaranteed by the Bank or Any Affiliate of the Bank • May Lose Value