Managing Your Finances Through a Career Transition or Layoff

Managing Your Finances Through a Career Transition or Layoff

34mBeginner2021-03-18

Authors

Winnie Sun

Winnie Sun

Financial Advisor, Speaker, Entrepreneur

Course details

Career transitions, whether planned or unexpected, trigger a barrage of time-sensitive financial planning questions. How much money do you need to fund your bottom line? What steps can you take to maintain health insurance coverage between jobs? In this course, longtime financial adviser Winnie Sun answers these questions and more, providing practical advice designed to help you survive a gap in income triggered by a layoff or career change. Discover how to leverage your assets during a transition, get your spending under control, and create a financial first-aid kit designed to help you plan your next steps. Plus, learn how to use COBRA to keep your insurance, roll over retirement funds, and start a new job with renewed financial goals.

Skills covered

Personal FinanceProfessional DevelopmentOne-Off

Concepts

Introduction

  • Getting ready for your career transition
  • Strengthening your financial mindset

Preparing to Leave Your Company

  • The first thing to do if you find yourself laid off
  • Preparing your financial first-aid kit

Managing Finances while between Companies

  • What s your bottom line for survival
  • Creating your Plan B
  • Planning health insurance during transition

Your Finances and Starting a New Job

  • Evaluating insurance plans
  • Understanding retirement plan options
  • Refreshing your savings goals

Conclusion

  • Committing to lifelong learning
40,000 Toman