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
Collabria Capital, Inc. is a San Francisco-Bay Area fee-only fiduciary financial planner& investment manager providing wealth management services to clients locally and virtually throughout the US.
Paul Saad, Co-Founder at Collabria Capital, Inc, is a CERTIFIEDFINANCIAL PLANNER™ (CFP®) focusing on comprehensive financial planning, personalized investment management, and equity/variable compensation.
The information contained herein is intended to be used for educational purposes only and is not exhaustive. Diversification and/or any strategy that may be discussed does not guarantee against investment losses but are intended to help manage risk and return. If applicable, historical discussions and/or opinions are not predictive of future events. The content is presented in good faith and has been drawn from sources believed to be reliable. The content is not intended to be legal, tax or financial advice. Please consult a legal, tax or financial professional for information specific to your individual situation.
• 3 different types of options
• How to know when to sell
• Terms to know
• How to reduce risk