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Meet with your financial advisor to discuss:

Insurance Needs

Determine if your current insurance provider meets your new insurance needs.
Include your new family member in all appropriate policies: health, life, disability, etc.
Consider additional coverage where necessary.

Meet with your financial advisor to discuss:

Education and Retirement Savings

Calculate how much you will need to save to pay for education expenses.
Research ways to fund education expenses with a Section 529 college savings plan or other types.
Determine how saving for your new child's education will impact your other savings and investment plans for retirement, vacations, new car or home purchases.

New Child: Review Insurance and Long-Term Financial Plan

Bringing home a new baby is one of life's most exciting events. It's also the perfect time to review your insurance needs and update your coverage. After all, insurance is an investment in both your and your family's life and health.

Once you have updated your insurance coverage, it is time to review your long-term financial plan. Adding a new child often means adjusting your financial and retirement goals, because you will have to devote more resources for future educational expenses.

Who wants to think about long-term care or estate planning when a new baby has just arrived? Perhaps, those events seem at a distant future. But there is no better time to review these areas of concern. After all, your new baby may have to provide care for you in your retirement years in addition to inheriting your assets. Your financial advisor can help examine your long-term care options and review your estate plan.

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Securities and investment advisory services are offered by VALIC Financial Advisors, Inc., member FINRA, SIPC and an SEC-registered investment advisor.

VALIC represents The Variable Annuity Life Insurance Company and its subsidiaries, VALIC Financial Advisors, Inc. and VALIC Retirement Services Company.

This information is general in nature and may be subject to change. Neither VALIC nor its financial advisors or other representatives give legal or tax advice. Applicable laws and regulations are complex and subject to change. Any tax statements in this material are not intended to suggest the avoidance of U.S. federal, state or local tax penalties. For legal or tax advice concerning your situation, consult your attorney or professional tax advisor.