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900 Larkspur Landing Circle, Suite 100

Larkspur, CA 94939

(415) 722-2188


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© 2021 Tamalpais Asset Management All Rights Reserved

Website designed by Hyde & Union Content


900 Larkspur Landing Circle, Suite 100 Larkspur, CA 94939


© 2024 Tamalpais Asset Management All Rights Reserved

Website designed by Hyde & Union Content

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  • Mike Bristow

Family Finances: What to Expect

Deciding to have a baby is a special time in a couple’s relationship. It gives the two of you the opportunity to recommit to one-another, talk about values and beliefs, and paint a picture of the future you wish to create together. As these conversations evolve, here are a few questions to help you navigate the conversation.


  • How will your careers change with a baby? Have you considered a cash flow scenario if your spouse does not go back to work?

  • Do you require any changes to your living situation to accommodate a baby (e.g./ bigger house or car)?

  • Does your current form of health insurance cover prenatal care, labor and delivery? Would a HMO or PPO plan serve your needs better?

  • What are your child-care options? • •What maternity/paternity benefits are you entitled to take?


  • What can you reasonably expect to pay for conception costs?

  • Have you maximized the Health Savings Accounts or Flexible Spending Accounts available to you?

  • Are you eligible for the Child and Dependent Care Tax Credit?

  • Have you budgeted for a uptick in household expenses (e.g., high income families living in urban Northern California who had a child born in 2013 will spend nearly $455,000 to raise that child to the age of 18).*


  •  Do you anticipate sending your child to public or private school?

  • When will you establish a 529 plan or otherwise begin saving for your child’s college education?

  • Can you add a child as a beneficiary on your existing life insurance policies?

  • Have you updated your Will, Durable Power of Attorney and/or Health Care Proxy?

  • Should you have a Trust created for the benefit of the child? • •Who will be the guardian of your child?

  • Do you want guardians of your children to also serve as fiduciaries of your estate?

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