As we prepare for the twins' arrival, we've got some things to do...
Increase life insurance to $2M for both of us and add disability for me (must wait until post-pg for me)
Update wills, set up trust and designate guardians for twins
Ramp up existing 529 education/college savings (to target reco of $1K/mo/ea.)
Other:
Refi back to 15 yr. mortgage when rates hit 3%
Pay off remaining 30% balance on new cars, eliminating non-mortgage debt
Make max IRA contribution for me
And when I go back to work (TBD):
Max out pre-tax child care and 401K savings accounts
Build up savings accounts
Finish remaining planned, but not imminently needed home renovations (kitchen/master bath/patio)
Increase life insurance to $2M for both of us and add disability for me (must wait until post-pg for me)
Update wills, set up trust and designate guardians for twins
Ramp up existing 529 education/college savings (to target reco of $1K/mo/ea.)
Other:
Refi back to 15 yr. mortgage when rates hit 3%
Pay off remaining 30% balance on new cars, eliminating non-mortgage debt
Make max IRA contribution for me
And when I go back to work (TBD):
Max out pre-tax child care and 401K savings accounts
Build up savings accounts
Finish remaining planned, but not imminently needed home renovations (kitchen/master bath/patio)
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