In today’s economic uncertainty, business closures and layoffs are increasingly common. The loss of a job can cause serious stress personally and financially. To help guide you through a disruption in employment, we’ve created the checklist “What Issues Should I Consider If I Lose my Job?”
In this checklist (click here to download), we cover a number of issues to consider when facing unemployment, including:
· Severance options, if any are offered
· Employer benefits, including continuation of health insurance, sick pay, etc.
· Eligibility for unemployment benefits
· Budget adjustments
· Health insurance options
· Employer-sponsored retirement accounts, stock plans, and other benefits
· Income tax considerations
· Retirement or future employment options
Included:
• 3 different types of options
• How to know when to sell
• Terms to know
• How to reduce risk