Having kids later in life? 5 financial considerations

If you're having children later in life – a phrase that's impossible to define but let's go with your 40s and beyond – you may wonder what the future will bring. For instance, if your health isn't the greatest, and you're having kids in your 50s, you may worry that by the time you're choosing your kid's college, he or she will be choosing your nursing home.

There are some solid benefits to becoming a parent later than when our parents and grandparents tended to become moms and dads.

"I think as older parents, we're more mature and confident in our parenting, and as a result have been better parents to our boys," says Kathleen Lynch, an intellectual property attorney in Cary, North Carolina. She married at 38 and had twin boys at 41.

Still, even if your income is steady and your career is on track, there are some financial factors to consider. While you're fretting about someday being mistaken for your kid's grandparent, don't forget to worry about the truly important stuff. Continue reading at U.S. News & World Report.....

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