Thinking About Becoming A Stay-at-Home Parent? 4 Financial Considerations Before Making the Transition

/ Castle Wealth Advisors, LLC/
Thinking About Becoming A Stay-at-Home Parent? 4 Financial Considerations Before Making the Transition

Making the decision to transition from the workplace to becoming a stay-at-home caregiver can be a scary decision.  There are many pros and cons to consider with both choices.   Weighing and discussing these options with your spouse/ partner (while potentially difficult at times) will help you both to feel better supported by the other and more financially sound.  

Reviewing these four financial considerations before deciding to make the transition can help you lower stress, have a smooth transition into becoming a stay at home parent and will help you down the line should you decide to work or not.

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Many Investors Are Finding Even More Reasons To Use 529 Plans To Help With Education.  

/ Castle Wealth Advisors, LLC/
Many Investors Are Finding Even More Reasons To Use 529 Plans To Help With Education.  

When beginning to plan for a child’s future or when evaluating a current savings plan, many families often ask,  “What are the differences between UGMA and UTMA accounts, 529 college savings plans, and prepaid tuition plans and what should I use?”   

The key to answering this question lies first, in understanding the types of accounts available to help with saving for a child’s future along with their pros and cons. After which it’s easy to understand how the “tax cuts and jobs act.” being signed into law has made many 529 plans more attractive for parents and families.  

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