Tuesday, August 14, 2007

Life's firsts

From wsj.com

1st job

-401(k) (to capture full company matching)
-Asset allocation - contact the company managing your 401(k) plan
-To make most of other benefits - seek fee-only planner for an hour or two
-Absent workplace health insurance, shop for high-deductible policy and combine with a Health Savings Account
-Debt-management - especially student loan and credit card
-Other saving / investing priorities - seek advice again from fee-only planner

1st family

-Buying 1st home, stick to what you can afford (30%)
-Budgeting
-Debt-management
-Operate finances together

1st child

-Life insurance
-consider term life
-Estate plan
-Planning for college - 529 plan and other options

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