Pre-Delivery Planning:
Understanding your health insurance and anticipate costs
- Prenatal care
- Childbirth classes
- Maternity clothes
- Crib
- Car seat
- Hospital costs (Group private insurance plans generally cover costs)
Plan for maternity/paternity leave
- Understand your companies’ policies and your state’s laws
Draft your baby budget
- Expenses in first years can be between $10,000 and $20,000/year*
Choose your pediatrician within your insurance network
Research childcare options and get on waiting list a day care facility if necessary
Start a rainy-day fund
While in The Hospital:
- Order a birth certificate and Social Security card
First 30 Days:
- Add your child to your health insurance
Beyond the First Month:
- Adjust your beneficiaries (life insurance/retirement accounts)
- Buy disability insurance
- Write or adjust will
- Fund retirement accounts
- Discuss education planning options
Core content sourced from Oppenheimer Funds. This material is provided as a resource for information only. *Source: Parenting.com. Securities offered through LPL Financial, Member FINRA/SIPC. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.Oppenheimer Funds is not affiliated with Athene Wealth Management, LLC or LPL Financial.