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Starting a family

The cost of raising a child continues to increase. Learn how to prepare financially and protect your growing family.
Keep in mind:
  • Budget for your new arrival
  • Ensure that you have adequate insurance
  • Explore employer‑provided benefits
  • Review (or create) your estate plan
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A systematic strategy is key—discover tips that could help you save more for your child's future.
Video: Savings strategies
Knowing in advance what expenses a new child adds can make your growing family's finances easier to handle.
It's no surprise to parents that raising a child can be expensive. But just how expensive?
This calculator will show you the powerful benefits of making small changes in your spending habits.
Estimate the costs of a college education and the monthly savings needed to pursue your goal.
Merrill Guided Investing with an advisor
All the benefits of Merrill Guided Investing with an advisor who will discuss your priorities and provide advice and guidance to help you pursue your goals
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Important disclosures

Merrill, its affiliates, and financial advisors do not provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.