Before or right after birth
- Add baby to health insurance within the enrollment period.
- Get a Social Security number for the child (often at the hospital).
- Update or start life insurance if someone depends on your income.
- Consider disability insurance if you don't have it.
Savings and benefits
- Open a 529 for college if you plan to save for education.
- Check employer benefits (parental leave, dependent care FSA).
- Update beneficiaries on retirement and other accounts.
Estate and guardians
- Name a guardian in your will for minor children.
- Review or create a will and power of attorney.