Foolish Guide to Having Kids

Motley Fool Answers

The Motley Fool

Taxes, Saving, Money, Investing, Planning, Retirement, Personalfinance, Finance, Education, Business

4.4 • 823 Ratings

🗓️ 12 March 2019

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

We assume you already know how to make a baby (special hugs!), but do you know how to support one financially? For the second in our series that tackles major life events, Dan Messeca, a planner with Motley Fool Wealth Management, offers up advice on the money moves you should make and pitfalls to avoid when having kids.

Transcript

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0:00.0	This is Motley Full Answers. I'm Alison Southwick and I'm joined as always by Robert Brokamp,
0:08.4	personal finance expert here at the Motley Fool.
0:11.2	Hello everyone.
0:12.2	This week is our second in the series, right?
0:15.2	I think so, yes.
0:17.2	When we're tackling major life events, like a financial pro.
0:22.1	And this week we're doing it with the help of Dan Maseco.
0:23.9	We're going to cover the financial decisions and steps you need to take when a baby comes
0:28.2	into your life.
0:29.4	Aw.
0:30.4	Aw, kids.
0:31.4	All that and more on this week's episode of Motleyful Answers.
0:35.7	So, bro, what's up?
0:36.9	Well, Allison, likely these days you've probably seen all kinds of stories about how we've
0:42.3	reached the 10-year anniversary of the start of the current bull market, which means basically
0:48.3	the end of the market dive that happened during the Great Recession.
0:51.3	Market bottomed to the beginning of March of 2009.
0:54.6	Reached 10 years. It's been a fabulous time to be a stock investor. The S&P 500 is averaged
0:59.2	around 17 percent a year. Fantastic. Unfortunately, it's not been a great time.
1:04.0	Here comes the awfulizer. Here he is.
1:08.0	This isn't awful. I'd just say, unfortunately, over the last decade, it hasn't been such a great time
1:12.6	to be a cash investor, right?
	...

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