IVF Costs & How to Financially Prepare For a Baby

about episode 214:

November 5, 2024

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Even though it was a medically troubling year, Zachary and his partner were able to almost double their income, while keeping expenses fairly low. This allowed them to set a 50% savings rate and keep enough to pay for treatments, retirement investing, and even save for IVF (in vitro fertilization). Since IVF is such an expensive treatment, Zachary wants to know how he can best position himself to pay for it while his partner reduces her time at work to take care of their future children.

Even though it was a medically troubling year, Zachary and his partner were able to almost double their income, while keeping expenses fairly low. This allowed them to set a 50% savings rate and keep enough to pay for treatments, retirement investing, and even save for IVF (in vitro fertilization). Since IVF is such an expensive treatment, Zachary wants to know how he can best position himself to pay for it while his partner reduces her time at work to take care of their future children.

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How to financially prepare for a baby (even with IVF costs)?

Many parents won’t have to think about things like the cost of IVF on top of financial planning for a new member of the family. But, today’s guest Zachary wants to be in the best position possible so he and his newly cancer-free partner can start their family!

Even though it was a medically troubling year, Zachary and his partner were able to almost double their income, while keeping expenses fairly low. This allowed them to set a 50% savings rate and keep enough to pay for treatments, retirement investing, and even save for IVF (in vitro fertilization). Since IVF is such an expensive treatment, Zachary wants to know how he can best position himself to pay for it while his partner reduces her time at work to take care of their future children.

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Episode 214

Show notes at: https://www.biggerpockets.com/moneyshow214

0:00 Intro
3:14 Doubling Income in 2021
8:54 The Cancer Diagnosis
13:05 Investments and Net Worth
15:45 Financial Goals
20:23 Coast FI & Glamping
28:08 IVF and Healthcare Costs
34:48 The 10-Bedroom Rental Property
40:10 Retirement & Short-Term Rentals
1:00:49 Other Levers
1:06:34 Famous 4
1:11:17 Zach’s “Planting Seeds” Story