Having a baby is an adventure that involves many significant emotional and financial decisions. Initial concerns range from which diapers to use to which car seat is safest. In the next phase, after seeing the quotes for various daycare, nanny, and preschool providers, many parents quickly begin to wonder, “How are we ever going to pay for college?”

Staying informed about legislative changes is imperative to maintaining a dynamic financial plan. Remembering these changes is equally important. The Secure Act 2.0, a significant update to the original Secure Act of 2019, was signed into law in late 2022 with the aim of further strengthening retirement security for individuals and families. 

Deciding when to take your Social Security retirement benefits¹ is an important decision and a frequent topic of conversation when meeting with our clients. We generally recommend waiting until age 70. However, there are certain instances where taking it earlier may make sense. How do you know what is appropriate for you?