Facing Possible Unemployment? Take These Steps to Prepare

If you’re facing unemployment or concerned about the possibility of upcoming layoffs, there are some small, proactive steps you can take now to help make this difficult time more manageable. Build Your Network. It’s estimated that over 80% of open positions are filled through networking.1 The easiest time to build your network is while you

what to do with my 401k laid off

Managing a Job Layoff

Key points Work closely with your financial advisor to establish spending priorities and determine the best options for managing retirement assets.  Apply for unemployment benefits immediately. There are strict deadlines that can’t be missed.  If possible, don’t let health insurance lapse. Without insurance, a health crisis could seriously jeopardize your financial stability.  Consider deferring debt payments