By Dr. Jim Dahle, WCI Founder

There’s no doubt that kids are expensive. In 2017, the US Department of Agriculture estimated that it cost an average of $233,000 to raise a child to 18, and I’m sure it’s significantly higher now, probably topping $300,000. One of those children is certainly affordable in most doctor families. But if you have four, six, or 13 kids like some of the people in my neighborhood, that total cost may be more than your eventual retirement nest egg! Babies are expensive, but many parents are surprised to learn that kids don’t become LESS expensive as they grow; they become MORE expensive.

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Still, a big part of the initial sticker shock of children is childcare. Childcare can be a major expense for many families, even high-income families like white coat investors. But there are a number of options available

Keep reading this article on The White Coat Investor.