LRVS Advisory Group’s Post

Becoming a parent is a life-changing event, and it brings new financial responsibilities along with it. Here’s how to start: 1. Budget for New Expenses Childcare, such as daycare, is often the first major cost that comes to mind, but you’ll also need to budget for future expenses. Balancing these with your regular household spending is key. 2. Maintain Savings Despite the new financial demands, aim to continue saving at least 20% of your gross income. This ensures you stay on track with long-term goals, like retirement, even as your family grows. 3. Plan for Future Needs From education savings to potential medical costs, having a plan in place can help alleviate financial stress down the road. By budgeting carefully and sticking to your savings goals, you can provide financial security for both your growing family and your future.

💡 Why does earning six figures feel less secure than ever? For many high earners, the expectation of financial freedom often doesn’t align with reality. Even though 14.4% of U.S. households now earn over $200,000 annually, rising costs in key areas—like housing, childcare, and education—are placing pressure on even the most affluent. For today’s HENRYs (High Earners, Not Rich Yet), the challenge is navigating a financial landscape where income growth hasn’t kept pace with the cost of living. Salaries alone may no longer be enough to secure future wealth. Housing demand continues to soar. 401ks are no longer keeping up. How are you planning to manage major expenses like childcare, college tuition, and retirement?

Why should she has taken 50 Policy of only 1 company. Because of Trust and Gaurantee. She is independent, she can take her own decisions. Do You? Call us today on 90160 97704. And ●Plan your Retirement financial independancy. ●Plan your Child's Educational Funding. ● Do Analysis of current investment. #LIC #financialprotection #family #investment #Guaranteed #Returns #savingsgoals #savings #portfolio #childcare #childdevelopment #pension #retirementplanning

Plot twist: Retirement's the real hustle! 🚀 Did you know UK gals gotta put in an extra 19 years of work just to match the pension pot of our male counterparts? 🕒💸 From investing since age 3 (compared to a man who starts at the age of 22) to juggling career breaks, childcare, and lower earnings, we're on a mission to flip the script and secure that bag! 💼🌟 #PensionHustle #GenderGapGoals #FutureBossGal #Equality #RetirementGoals #FinancialFreedom #createalifebydesign #notbydefault #lifebydesign #investorlife #investearly #compountinterest #compoundgrowth #makingmoneywork

Longer lifespans, concern about outliving retirement savings, and challenging economic times will continue to drive the multigenerational living movement. Learn about the benefits of rooming with your relatives. https://bit.ly/3Lyrl9H (by Macie P. Smith, Ed.D) #multigenerationalliving

Daycare costs can be a huge part of the budget for young families, but what happens when daycare is no longer needed? 🍼💸 In today’s clip, Joe breaks down two smart strategies for putting that daycare money to work—either saving it for the future to boost your financial security or keeping your living expenses low, which can pay off big time in retirement. 🌱📉 Don’t let that money disappear—make it part of your financial plan! Watch the full breakdown on YouTube—link in bio! . . . #DaycareExpenses #FamilyFinance #SmartMoneyMoves #WealthManagement #FinancialPlanning #SaveForTheFuture #LowerLivingCosts #RetirementPlanning #MakeLifeMoreEnjoyable

From the gender pay gap to the gender retirement pay gap. "Women would need to work an extra 19 years than men to make up the shortfall, according to a report published by NOW: Pensions and Pensions Policy Institute (PPI) this week" The cost of childcare means that many women wouldn't be returning to work after maternity leave, missing out on paid work and, as a result, contributing to their pension in the long term. Eleanor Levy added: “Educate yourself. Understanding if you’re going on maternity leave, how that will impact your pension contributions.” #maternityleave #diversity #pension #gendergap

Isabella was born with an affection for Piggys. Turning that affection into good money habits early on. Financial literacy is a very important topic to instill in your Children. What are some conversations or tricks as a Parent that has helped you educate your Children about money? Feel free to share below. #Finance #WealthManagement #Retirement #Childcare

💼 Big News for Parents: Superannuation on Paid Parental Leave Starting 1 July 2025! 🎉 From 1 July 2025, new parents eligible for government-paid parental leave (PPL) will receive a superannuation contribution (PPLSC) to their nominated super fund as a lump sum after the financial year ends. 💰 Key points: ✅ Automatic payments: No need to claim – the ATO handles everything based on your PPL details. ✅ Eligibility: Applies to parents with children born or adopted on or after 1 July 2025. But that's not all! The PPL scheme is expanding: 🔹 22 weeks of leave from 1 July 2024. 🔹 24 weeks from 1 July 2025. 🔹 26 weeks by 1 July 2026, with 4 weeks reserved for each parent (“use it or lose it”). 🔹 Families can also take 4 weeks of PPL at the same time starting 1 July 2025. This marks a big step forward for supporting parents and their retirement savings! 🌟 📣 Plan ahead and ensure your super fund details are up to date. #PaidParentalLeave #Superannuation #ParentingSupport #FamilyCare #presidiopartners

New survey reveals growing trend in parent-child dependency: https://lnkd.in/g38EStMD #age #ageism #agediscrimination #aging #boomers #intergenerational #longevity #retired #retirement #reinvention