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Covestor Radio, EPN News, Investing

Covestor Radio – Episode 14: Money Milestone – Having a baby

Posted: July 6, 2014 at 6:50 pm   /   by   /   comments (0)


Kimberly Clouse, Covestor’s Chief Client Advocate and Advisory Board Chair joins Covestor Radio to talk about one of life’s most significant Money Milestones, having a baby.

Covestor Radio is a show about money milestones and investing for your future and brought to you by Covestor, an online marketplace for investing.


Listen to host Eric Dye & guest Kimberly Clouse discuss the following:

  • How do you plan for this milestone?
  • What are the three do’s?

1. Do add your baby to your health insurance coverage
2. Do update your will and name your guardians
3. Do review your life insurance coverage

  • What are the three things that expectant parents “should not” do?

1. Do not forget to review and update your beneficiaries
2. Do not wait until the baby is born to get life insurance
3. Do not expect that you will have the same amount of financial control as you did pre-parenthood

TIP: Money Milestones such as having a new baby can be exciting. The key thing is to do as much as you can before the baby arrives.

People often think they can use their maternity or paternity leave to take care of financial planning tasks, such as revising your will, updating your beneficiaries and changing your life insurance. In reality, just remembering to put your wallet in your diaper bag can be a major financial planning accomplishment when you have a newborn!

About Kimberly Clouse

Kimberly Clouse is Advisory Board Chair at Covestor, a registered investment adviser and an online marketplace for investing.

Passionate about empowering financial consumers, Kimberly works with individuals, families and foundations to help them navigate the increasingly complex world of investment advice and make more informed financial decisions.

She previously served as Managing Director at Athena Capital Advisors and Chief Executive Officer at Hale and Dorr Wealth Advisors. Earlier in her career, she worked for United States Trust Company, J.P. Morgan and Goldman Sachs.



Note: All opinions included in this radio episode are as of [July 3, 2014] and are subject to change. The opinions and views expressed herein are of Kimberly Clouse. All investments involve risk, the amount of which may vary significantly.

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