--- title: "What Issues Should I Consider If I Lose My Job" source: https://www.perissosprivatewealth.com/insights/what-issues-should-i-consider-if-i-lose-my-job publisher: Perissos Private Wealth Management published: 2025-06-24T12:21:49.09096+00:00 updated: 2026-04-29T19:15:39.389397+00:00 topics: job loss financial checklist, severance package review oklahoma city, health insurance after layoff, unemployment benefits eligibility, managing 401k after job loss license: Educational content. Cite with attribution. Not personalized financial, tax, or legal advice. --- # What Issues Should I Consider If I Lose My Job People sometimes find themselves in the position of losing their job. In today’s economic uncertainty, business closures and layoffs are increasingly common. Th… 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 ## Frequently asked questions ### What are the first financial steps to take after losing a job? After a job loss, immediate financial priorities include reviewing severance agreements, applying for unemployment benefits, and evaluating health insurance options like COBRA or the Marketplace. ### How can I maintain health insurance after being laid off? Individuals can typically maintain health coverage through COBRA, join a spouse’s plan via a special enrollment period, or purchase a plan through the Health Insurance Marketplace. ### What happens to my 401(k) when I leave a job? Options for a former employer's retirement account include leaving the funds in the current plan, rolling them into an IRA, or transferring the balance to a new employer's plan. --- Source: [Perissos Private Wealth Management](https://www.perissosprivatewealth.com/insights/what-issues-should-i-consider-if-i-lose-my-job) — fee-only fiduciary wealth management in Bethany, Oklahoma. 405.212.9690. This article is educational and is not personalized financial, tax, legal, or investment advice.