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E.g., 06/28/2022
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  | Financial Decisions

Financial planning when starting a family

Planning for significant life transitions is central to financial planning. As recent first-time parents, we can say with confidence that there may be no greater transition in life than starting a family.
A note from Voya: Due to the fear of stereotypes and social stigmas, many caregivers remain silent on the issues they face, with only 56% speaking to their supervisor about their responsibilities.¹ We recently conducted a study to dive deeper into the challenges and concerns of America’s silent workforce and, as the article below highlights, how many caregivers – especially millennials – are feeling unsupported in the workplace. Learn more about what employers can do to help.
Estate planning is an extremely personal process, not a one-size-fits-all endeavor. When an individual has no close relatives (other than perhaps a spouse), the decisions required to prepare an estate plan can sometimes feel overwhelming.
As the world is changing faster than ever, it’s crucial to establish emergency savings so you can be prepared for any financial changes as they come. Setting up an emergency fund is one of the best ways to start saving now.

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