Planning for parenthood is a busy – if joyful – affair. Amid the whirlwind of activity, moms-- and dads-to-be often overlook one of the most important steps of parenthood -- getting your legal and financial house in order.
Giving your children the educational tools to succeed doesn’t come cheap, but with careful planning, a commitment to saving and skillful use of tax breaks and low-interest loans, most parents can cover the costs of college without sacrificing their own financial future.
Where there's a will, there's a way. The problem is: Not enough Americans have one and that's one life lesson you can't learn the hard way. If you drop the ball on estate planning, Uncle Sam will do it for you.
There are a lot of baby boomers out there and there's a lot of potential money to be made off of their retirement. Just be prepared to apply unconventional thinking to fit the habits of nontraditional people.