Welcome to the Jill on Money Coronavirus Market update. It is Wednesday, July 15th, and I can't believe I'm saying this but it's tax day. Yes ladies and gentlemen if you forgot to file your taxes

You have just hours to complete your tax filing and your payments. Don't forget if you owe quarterly taxes,

you have to pay the first and second quarter

by the end of the day today.

If you owe taxes from the last tax year, meaning 2019, you've got to pay

that today. And if you need to file an extension, you can do so. It will only give you a few

extra months till October 15th and you have to pay any

tax you think you might owe. So do that. Happy tax day. If you've got a

financial question what we would like you to do is to send us an email.

Ask Jill at Jill on Money.com.

That's what Kyle did.

He writes, my wife and I are expecting our first child soon and are researching to determine the best methods of saving once he or she is born.

I'm a lieutenant in the Navy. I've got eight years of service and plan on staying for the full 20 years.

My wife does not work at the moment.

The only debt we have is our mortgage and we were able to max both our Roth IRAs and my Roth thrift savings plan in addition to adding any

surplus into a taxable brokerage account. Oh my God it's amazing, 500 bucks a month.

Okay, Kyle goes on and says I invest with Vanguard and my wife with

fidelity and we enjoy them both for their passive low-cost index funds, where

Florida residents strictly for tax purposes and have no desire to move back to

either of our original home states after the military. With this knowledge, I'm

considering opening up either Nevada's 529 plan through Vanguard or New Hampshire's unique plan through

fidelity once the baby is born. Are these the best choices considering our

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