Few things potentially trigger more worry about money than the thought of starting a family. But choosing the right investment advisor and taking a long-term approach to investing can help parents manage the costs of parenthood.
*$304,480 adjusted for projected inflation. (Projected inflationary costs estimated to average 2.4% per year. The estimate is calculated by averaging the rate of inflation over the previous 20 years.)
Source: USDA's Expenditures on Children by Families report, 2013 (doesn't include cost of college)
U.S. average for the younger child in middle income (parents with income between $61,530 and $106,540) husband wife families with two children. Child care and education expenses only for families with expense.
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Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.
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