Tag: children


Why Might a Child IRA Be Right for You?

Have you ever heard of a Child IRA? As long as your children are earning income, they can begin to contribute to an IRA and build a solid financial foundation. How Do You Begin? The first step is verifying that your child is earning income. This could be from babysitting, mowing lawns, a summer job […]

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The True Financial Cost of Having Children

If you have children or are considering it in the future, then you probably know that it can be a hefty investment. In fact, couples in the US can expect to spend between $12,350 and $14,000 a year to raise a child. The lifetime cost of raising a child ranges from $174,690 to $372,210, and […]

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Finances and Divorce: What You Need to Know

If you’re in the pre-planning stages of divorce or thinking about getting a divorce, you may be feeling overwhelmed with all the things you need to consider. One of the biggest considerations during this time will be your finances both during and after the divorce. While this can be a difficult time for all parties […]

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Meeting the Discomfort of “What if”

In our first article related to Life Cycle planning, we discussed how to plan and prepare for your family goals whether it was getting married, purchasing real estate, or preparing for parenthood. While these are exciting and heartwarming stages of life for most of us, we often overlook the opportunity to consider our contingency plan […]

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Building Your Nuclear Family

Life is cyclical. As we reach one milestone, our hindsight sharpens and we can see clearly the steps that we did right, as well as the steps we stumbled over to get to where we are. And while the journey is undoubtedly part of the joys of living, planning that journey can help you prepare […]

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Financial Tips for College Students

With the average tuition and board in the United States ringing in at about $20,000 a year for a public institution and almost $46,000 a year for a moderately priced private university, capitalizing on the college experience shouldn’t include building a debt larger than necessary. In fact, as a young adult this may be the […]

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Education Saving Strategies

Whether your children are still in diapers or getting ready to start middle school, the sooner you start saving for their futures, the more prepared you’ll be when the time comes for them to head off to go to college. Parents go to great lengths to pay for their children’s education, often sacrificing their own […]

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Advice for the care of children with special needs

This article below was written by Marianela Collado, Senior Financial Advisor at Tobias Financial Advisors. It was featured in the Personal Finance section of El Nuevo Herald on Sunday, May 8, 2016. Please find the link to the published article at the bottom of this post. Raising a child with special needs can be quite […]

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