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What Issues Should I Consider If I Lose My Job?

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Unfortunately, working individuals can sometimes find themselves in the position of losing their job. In today’s economic uncertainty, business closures and layoffs are increasingly common. The loss of a job can cause serious stress, personally and financially. 

 

In this checklist, we cover a number of issues to consider if you are facing unemployment, including:

 

  • Severance options, if any are offered
  • Employer benefits, including continuation of health insurance, sick pay, etc.
  • Eligibility for unemployment benefits
  • Budget adjustments
  • Health insurance options
  • Employer-sponsored retirement accounts, stock plans, and other benefits
  • Income tax considerations
  • Retirement or future employment options

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