How One Adoptive Couple Paid for Adoption using MetLife Legal and their 401(k)

Adoptive mom Yvonne Lundine shares an inside look into her adoption journey on The Adoption and Fertility Finance Show today. Every adoptive family’s journey looks different, and it’s always cool to see how each family makes it work to achieve the forever family they’re looking for.

After talking about maybe adopting someday, Yvonne was presented with a chance to adopt a family member’s child. Because of the timeline, she and her husband needed to come up with the money quickly. Yvonne was able to take out a loan from her 401k to fund her adoption, a choice that comes with a lot of conditions. She talks about how she saved money on lawyers and adoption agencies, which are expenses you may not realize that you can shop around for. 

Laura and Yvonne talk about the real parts of adoption; helping the adopted child build relationships with siblings who weren’t adopted out, dealing with interstate adoptions, and navigating the complexities of family relationships when adoption and money are mixed in.  Yvonne’s story is honest about the twists and turns that adoption can take. 

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Are you ready to become a forever family? Schedule your 15 minute free no judgement appointment today to talk with Laura about where you’re at in your financial journey, where you’d like to be, and how you’d like to get there.

Metlife Legal is offered through your employer.

This episode is sponsored by Adoption and Fertility Grant Success Course.

So many couples that have started the adoption journey become overwhelmed with the amount of money that they need to save for the process. It can be so discouraging. With knowledge comes power. At Family Money Coaching, we believe in Debt-Free Adoption. That’s why we created the Grant Success Course, to help you find, apply, and obtain FREE money. It’ll take some work, but you can do it. The worksheets, excel downloads, checklists, and videos in the Grant Success Course will help guide you on what to put in your grant applications. Ideas will be sparked by the questions in the downloadable PDF, success tips with what to look for to find the ideal grant for you, a list of 80 grants for adoption and 20 grants for fertility, a checklist to help you stay on task, and a list of documents needed for application.

There’s a bonus Adoption Financial Planner that will provide tracking for your Adoption Budget, the ICPC travel budget, Spending Plan which is needed for the home study and grant, tracking income sources, calendar to help with due dates, budget estimator, and a place for all contacts during the adoption process.

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