As your family grows and grows older, Siskiyou Central Credit Union can help you navigate all the relative stages you may encounter in the years to come. Whether you've just walked down the aisle, welcomed a new bundle of joy into your household or need assistance mapping out a future plan to help provide for your loved ones, Siskiyou Central Credit Union products and services give you options as you lay the foundation for a successful tomorrow.
- Having a Baby
Congratulations! You'll soon be welcoming a new bundle of joy into your household. One thing you can expect when you're expecting, however, is that you will need to re-evaluate your finances to accommodate the expenses that will arrive along with your new delivery.
- Forecast Your Finances. Will you need a bigger home? Or a larger car? Is it feasible for one of you not to return to work and stay home with the child? If not, what will the average cost of childcare be? These are all important things to consider as your family grows.
- Insurance Coverage. It's important to know the specifics of your insurance plan and what it will cover in terms of the labor and delivery, as well as the rapid fire doctors visits once the baby is born. And if increasing your coverage is necessary, make sure you do so.
- Make Changes to the Proper Documents. Remember to apply for a social security card for you child, as well as any other legal documents they may need. Additionally, make sure you revise your will to include your new baby, as well as realign the division of your estate.
- Income Taxes. Claiming your children on your tax return allows for some important tax credits. Make sure all tax documents are updated.
Plus, Siskiyou Central Credit Union works to serve your children as well with savings accounts, which teach the importance of setting aside funds early, and education savings and loan options to help them step forth into a bright future.
- Caring for Elders
As the years go by, and your loved ones continue to age, it is important to discuss your part in their future plans. For instance, do you know how they have budgeted their retirement income? What are their thoughts and hopes for long-term care should it prove necessary?
Not only is it important for you to know on their behalf, but it's important for you to think about for your future as well.