Financial Considerations For Job Transitions

Being in between jobs can be frustrating. If you find yourself in this season, it’s important to have a clear plan of action to keep your finances in order. Stay tuned as Craig and Jennifer discuss some areas to consider for those facing job changes, layoffs, or contemplating early retirement.

Here’s some of what we discuss in this episode:

• Do you have enough time and resources to start over in a new career?
• The considerations should be made before venturing into entrepreneurship
• How will you cover health insurance costs during this time?
• Is this a good time to roll over your 401(k), and what factors should be considered?
• When receiving a severance package, should you opt for lump sum or monthly installments?
• The importance of having sufficient insurance coverage beyond life insurance

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