Major Life Events: Making Smart Decisions
Your minister won't interrupt your wedding vows with a question about your mutual funds. And it's unlikely your doctor will pause during your child's delivery to ask how you're going to pay for Junior's college bills. But maybe they should.
When your life goes through any type of major change--marriage, divorce, birth, death--your financial plan should, too. Of course, emotions can run high during these big events, and finances are probably the last thing on your mind when you're handling the stress of a new situation.
That's why it is important that you find a little time, take a big breath, and review your financial goals. If you've gotten married, you'll want to change your plans to include your new spouse. If you have a child, it's best to start investing for college well before buying that first tricycle.
The list below provides links to advice on what to do during many of life's turning points, good and bad. Read them over, follow their instructions, and you'll be able to develop a new financial plan that suits your new life.
 
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Questions & Answers
  When a major event happens in your life:  
You shouldn't let it affect your investment plans.  
You should call a press conference to let everyone know.  
You should rethink your investment plan.  
 
    What Should I Do If...  
    > I'm getting married?
> I'm getting divorced?
> I'm starting a family?
> I recently lost my spouse?
> I change jobs?
> I'm close to retirement?
 
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