Do you know the money game?

A man in his mid 20’s finally proposed to his high school sweetheart. The man was in and out of jobs and decided that if he was going to start settling down with his soon to be wife, he would need to find a stable job. His fiance was in her 3rd trimester and soon were to be expecting their first child. She was working as a training nurse practitioner making a little over $55,000.00 a year. A car payment and their rent were their biggest liabilities. Small contributions to her 401k plan were their only retirement account along side a life insurance plan that was giving to her upon employment. Her leave of absence for maturity was only good for 7 months and knew that her income would take a bit of a hit if her fiance was unable to carry the load. Most newly weds or couples starting out are faced with this very same situation where in order to overcome the loss of a steady income they must turn to either a loan or accessing some of their money from accounts that were for retirement but, to only get a portion and be penalized for this transaction. Sounds horrible! But, this is reality! Let’s learn how to approach this differently, shall we?