Getting laid off is not a fun process, but it can be a chance to make some smart money moves. Find out what you need to know when you get laid off.Chances are you either have gotten laid off or will sometime in your career. These days, it seems like there aren’t too many jobs and companies that are immune to layoffs, and it always feels like they happen at the worst time possible.

I know, I’ve been there myself. I know the sheer terror you feel when you’re facing being laid off and not sure what the future holds. If I can breathe a sigh of relief into you at all…just know it really is going to be ok.

Getting laid off can bring a welcome change though if we’re going to spin a positive here. It can be a chance to launch a new career direction or to start a business idea that you’ve been sitting on.

Regardless, there are some money decisions you need to think about when you’re laid off.

On This Podcast Episode:

  • What do you need to know about your health insurance plan
  • What about all the other perks like life insurance and disability insurance?
  • Time to think about your 401(k) options as well and tally up those matching funds
  • Why getting laid off might be opportunity you need to change your career path – just be smart with your severance

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Disclosure:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) and financial strategies may be appropriate for you, consult your financial adviser prior to investing. There is no assurance that the techniques and strategies discussed are suitable for all investors or will yield positive outcomes.