Checklist: Financial Planning for Life Events

Working on improving your credit score, saving for down payments and mortgages, planning for other fees and unexpected expenses, and securing your financing until the deal closes are critical steps for planning to purchase a home.

Creating a clear wedding plan and budget, having an understanding of asset divide in the case of a divorce or separation, updating documents and estate plans in the case of remarriage, and having open communication with all parties involved are essential steps in planning for long term partnerships.

Starting a savings account to prepare for the welcoming of the child including medical expenses, planning and understanding that you will have a lifelong commitment to various expenses, and creating an education savings plan are ways to stay ahead and be prepared for becoming a parent.

Developing a clear business plan and budget, looking into funding options, and staying on top of your legal and tax expectations are good practices to maintain when becoming a business owner.

Building a medical emergency plan, staying aware of your current insurance coverage, creating a clear estate plan, creating a plan in case of a natural disaster, and creating a general emergency plan are important ways to protect yourself in case of life's unexpected moments.

Contributing to a retirement plan, creating a diverse investment portfolio, and creating a healthcare plan are ways to plan for your financial safety in your future retirement.

Creating a travel budget, utilizing and exploring travel rewards and benefits, and even creating a general travel plan can help you save while planning to explore the world.

Looking into savings accounts and plans, researching scholarship and grant opportunities, and developing a payment strategy are important steps to take when considering furthering your education.

**For information purposes only. Always consult a healthcare, financial, investing, tax, or legal professional, as this content is not a comprehensive resource on these topics, should not be relied upon, and should not be considered medical, financial or legal advice. No guarantee or any warranties or representations as to the accuracy, applicability, completeness, or suitability for any purpose of the information contained herein is provided.