People sometimes find themselves in the position of losing their job. In today’s economic uncertainty, business closures and layoffs are increasingly common. The loss of a job can cause serious stress for these individuals, personally and financially. To help you through a disruption in employment, we’ve created the checklist “What Issues Should I Consider If I Lose my Job?”
In this checklist, we cover a number of issues to consider, 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