Contact me today to register To help jump-start your day, join us for a cup of coffee and conversation at our next Coffee Club. Event Details Financial Checklist When Growing Your Family sure you understand how much leave is available, how much you’ll be paid, and whether your job is protected. If you have a shortfall or questions about the costs associated with growing your family, a financial advisor can help you prepare financially through budgeting and other scenario planning. Protect your growing family Review your insurance and adjust where needed. We hope you and a guest will join us. Please call Rachel or Linda at 519-474-9356 or email rachel.mccauley@edwardjones.com or linda.skally@edwardjones.com by the Tuesday p to Coffee Club. Contact me today to register! November 26th, 20 9:30am - 11:00am The Coffee Club is an informal gathering to discuss current events, the economy and investing, in a relaxed, informal setting, and is a great way to get to know one another. Event Details October 29th, 2022 9:30am - 11:00am November 26th, 2022 9:30am - 11:00am Estimate any medical/adoption costs associated with gaining a child. Take some time to understand what costs your provincial/ territorial healthcare and employer benefits will cover, then estimate if you’ll have to pay out of pocket for gaining a child. Estimate any one-time expenses associated with making space for a growing family. Consider whether you need to move or make upgrades to your home, buy a vehicle with more space, get furniture such as a crib/bassinet or changing table, or purchase equipment like a car seat and stroller. Disability insurance: Having disability coverage may become more important if you have a larger family to support. Make sure you have strategies in place to protect your income against both a short-term and a long-term disability. Create or review your estate plan. An estate plan helps ensure your children have the care you would want them to receive if anything were to happen to you. You can do this anytime, but because time becomes scarcer after a new child joins the family, it’s helpful to at least start this before your new addition arrives. An estate-planning lawyer can help with this. Work with your lawyer to create or update a Will, naming a guard- ian for your child. Review/add beneficiaries to RRSPs, TFSAs, life insurance, annu- The Coffee Club is an informal gathering to discuss current events, the economy and investing, in a relaxed, informal setting, and is a great way to get to know one another. Coffee Club To help jump-start your day, join us for a cup of coffee and conversation at our next Coffee Club. October 29th, 202 9:30am - 11:00am December 10th, 20 9:30am - 11:00am Edward Jones 1637 Hyde Par (SW corner of London, ON N Join us “Child proofing your home is one thing – but child proofing your finances is another,” said Rachel McCauley of Edward Jones in Hyde Park. “Becoming a parent or bringing new kids into your family brings big financial changes, from monthly expenses to new savings goals – like post-secondary education. Let’s make a plan that covers today’s needs and the changes ahead with a tailored financial strategy.” Prepare for the birth/adoption Life insurance: You may need more life insurance to cover a larger family. Your financial advisor can help determine an amount and type of life insurance specific to your needs. Examples of types of insurance include term insurance (which can potentially be more affordable)and permanent insurance.
EdwardJones ® EdwardJones ® Many families stagger the leave of dual-income partners. What’s available and how the options coordinate vary by employer. Make Plan to take time off work (recover from birth, support your partner, bond with your child). Common options to help you take time off work include: • Employment Insurance (EI) maternity and parental benefits • Paid family leave • Paid time off (such as sick and vacation time) • Short-term disability insurance • Unpaid leave
December 10th, 2022 9:30am - 11:00am Edward Jones 1637 Hyde Park Rd. Unit 7 (SW corner of plaza near construction London, ON N6H SL7
We hope you and a guest will join us. Please call Rachel or Linda at 519-474-9356 or email rachel.mccauley@edwardjones.com or linda.skally@edwardjones.com by the Tuesday prior to Coffee Club. Contact me today to register! We hope you and a guest will join us. Please call Rachel or Linda at 519-474-9356 or email rachel.mccauley@edwardjones.com or linda.skally@edwardjones.com by the Tuesday prior to Coffee Club. ities and other accounts. Update your budget
Coffee & Snacks are on us. Determine how you’ll address child care. While some aspects of your budget may be hard to predict until your newest addition arrives, child care is an area you should start figuring out immediately. Start by talking about the kind of care you want. If relying on family or friends, you’ll want to understand their availability and whether you’ll need to supplement with other kinds of care. If someone is reducing paid work, start thinking about adjusting for the loss of income. A financial advisor can run the numbers to illustrate the financial impact. If you plan to use paid caregiving, start looking into options well before you need it. Many areas have a shortage of child-care options, resulting in long waitlists and high prices. Starting early can expand your available choices and help you factor the cost into your budget. Incorporate other ongoing costs and look for opportunities to cut spending. Children come with ongoing expenses that change over time. As one expense rolls off, another tends to start or increase. Make sure you have room in your budget for these expenses. Because your child-related expenses will rise, you may want to look for opportunities to reduce your spending elsewhere. You may find savings naturally as your day-to-day financial priorities shift. Adjust your emergency fund based on your new family size and budget needs. We generally recommend saving three to six months’ worth of total expenses in your emergency fund. It will likely need to grow for two reasons: Your monthly expenses will likely increase with a growing family. When your expenses increase, your emergency fund will need to keep pace. With a growing family, you may want to err on the higher side of that range. More people in your family means a higher likelihood of unexpected expenses.
Coffee & Snac
> edwardjones.ca Rachel B McCauley Financial Advisor 1634 Hyde Park Rd. Rachel B McCauley Financial Advisor 1634 Hyde Park Rd. London, ON N6H 5L7 519-474-9356 London, ON N6H 5L7 519-474-9356 rachel.mccauley@edwardjones.com - Unit 7 - Unit 7 - Unit 7 Rachel B McCauley Financial Advisor 1634 Hyde Park Rd.
Join us rachel.mccauley@edwardjones.com www.edwardjones.ca/rachel-mccauley EXP 31 DEC 2023 © 2020 EDWARD D. JONES & CO., L.P. ALL RIGHTS RESERVED. London, ON N6H 5L7 519-474-9356 Event Details Coffee Club Join us for coffee, snacks and conversation at our next Coffee Club! EXP 31 DEC 2023 © 2020 EDWARD D. JONES & CO., L.P. ALL RIGHTS RESERVED. > edwardjones.ca
Jones ®
Coffee Club To help jump-start your day, join us for a cup of coffee and conversation at our next Coffee Club. The Coffee Club is an informal gathering to discuss current events, the economy and investing, in a relaxed, informal setting, and is a great way to get to know one another.
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Contact me today to register! rachel.mccauley@edwardjones.com www.edwardjones.ca/rachel-mccauley EXP 31 DEC 2023 © 2020 EDWARD D. JONES & CO., L.P. ALL RIGH We hope you and a guest will join us. Please call Rachel or Linda at 519-474-9356 or email rachel.mccauley@edwardjones.com or linda.skally@edwardjones.com by the Tuesday prior to Coffee Club. Please call 519-474-9356 or email rachel.mccauley@edwardjones.com by the Tuesday prior to Coffee Club. October 29th, 2022 9:30am - 11:00am November 26th, 2022 9:30am - 11:00am October 25 • November 29 9:30–11:00am at the Byron Legion, 1276 Commissioners Rd. W. December 10th, 2022 9:30am - 11:00am Edward Jones 1637 Hyde Park Rd. Unit 7 (SW corner of plaza near construction) London, ON N6H SL7 Coffee & Snacks are on us. Event Details October 29th, 2022 9:30am - 11:00am November 26th, 2022 9:30am - 11:00am December 10th, 2022 9:30am - 11:00am Edward Jones 1637 Hyde Park Rd. Unit 7 (SW corner of plaza near construction) London, ON N6H SL7 Page 12 Hyde Park – Oakridge Villager • October 2025 To advertise here, please contact Debbie@VillagerPublications.com
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Rachel B McCauley Financial Advisor 1634 Hyde Park Rd.
Coffee & Snacks are on us.
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