Here’s some advice financial advisors offer to new parents

SourceCNBC
SectorFinancial Markets
CountryGulf

Mike Kemp | Blend Images | Getty ImagesMatt Becker opened his financial advisory practice, Mom and Dad Money, not long after he and his wife, Casey, had their first son, Aiden, and struggled with all the financial decisions new parents need to make."I looked around and I didn't see a lot of advisors focusing on people in this stage of life," said Becker, a certified financial planner in Gulf Breeze, Florida.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.More from FA Playbook:Op-ed: All types of ...read more...