Tag: new parents

Zach Morris was Recently Featured in CNBC Article for New Parents

Zach Morris was Recently Featured in CNBC Article for New Parents

In an article published by cnbc.com providing financial advice for new parents, Co-Founder Zach Morris offered his insight on childcare and healthcare. Here’s a snip of the article:

Adding another member to your family also adds a myriad of new financial considerations and expenses. A middle-class couple can expect to spend more than $230,000 to raise a child, not including college costs. One estimate found that by 2036, four years at a private university will cost around $303,000, up from $167,000 today.

Childcare and health care

Childcare is often the biggest immediate expense new parents will face, Richardson said. (Many families will spend more than $1,000 a month on the care.)

In some cases, one parent will decide to leave their job and take care of the child themselves, said Zach Morris, a CFP and founder of Paces Ferry Wealth Advisors in Atlanta.

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Zach Morris Gave Insight on Health Insurance in Recent Article Published by U.S. News

In an article published to provide new parents some budgeting tips by money.usnews.com, Co-Founder Zach Morris offered his insight and expertise on how childbirth may influence your health insurance plans. Here’s a snip of the article:

Revaluate Your Health Insurance Coverage

Spend time analyzing your health insurance plan to understand all your potential out-of-pocket costs. You may also want to consider switching plans. For instance, opting for a low-deductible plan may cost more on monthly premiums but may reduce your total out-of-pocket spending on baby-related medical expenses.

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