Your Wealth & Beyond

What To Do If You're Laid Off Near Retirement

Informações:

Sinopsis

Imagine that you’re a few years away from retiring, and you just found out that you’ve been laid off. You’ve been putting money away as best you can, and now you’re really not sure if it’s enough. What do you do?   In today’s episode, Andrew Rafal provides a quick list of actionable steps that you can take immediately to better understand what your financial situation looks like, what pre-retirees should consider after losing health benefits and how to get the most out of your 401(k) as you make the transition to the next phase of your life.   Key takeaways: Look at your living expenses, both fixed and discretionary. Take inventory of your assets including a 401(k). Understand what your unemployment, health insurance, Social Security benefits are. Things to consider if you have a company pension. Interview Resources COBRA - Continuation of Health Coverage  _____________________________________________ Subscribe & Learn More! If you'd like to subscribe for future podcast episodes, Your Wealt