Category: Job Change

  • Diverse group of five young colleagues gathered around a table for a casual team meeting

    Receiving Unemployment Benefits 

    Do you worry about changes in the economy? Have you recently been fired or been a victim of downsizing? Whatever your situation, you may be wondering if you’re eligible for unemployment benefits. For a basic understanding of how unemployment benefits work, read on!  Am I eligible?  The federal-state unemployment compensation program is a partnership based…

  • A woman in an orange top reviewing a document at her desk with a laptop and coffee nearby

    If I leave my job, will I lose my employer-sponsored health insurance? 

    Answer:  If you leave your job, voluntarily or otherwise, you may be able to continue your employer-sponsored health insurance under the federal Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1985. Eligibility does come with some restrictions, however.  Employers with 20 or more employees are required to offer continued health insurance for up to 18 months…

  • Close-up of two people reviewing financial paperwork at a meeting table

    Leaving Your Job? Your Retirement Savings Plan Options 

    Are you leaving your job and considering whether to take a distribution from your 401(k), 403(b), or governmental 457(b) plan? if so, make sure you’ve considered all your options.  In general, you have the following four options when you’re eligible to receive a distribution from your employer retirement savings plan.1  Option 1: Leave the money in the…

  • Diverse group of coworkers laughing and giving high fives in a bright, open workspace

    Financial Survival After a Job Loss 

    You may have lost your job already, or it’s something you’re concerned about. Either way, the keys to surviving a job loss financially are to plan ahead, take stock of your income, and cut your expenses.  Plan ahead  If you haven’t been laid off, it’s a good idea to plan ahead for that possibility. It’s hard to know…

  • Three diverse young professionals sitting on outdoor steps collaborating with a laptop and tablet

    Coping with the Emotional Impact of Losing Your Job 

    Job loss can cause stress  Losing your job can exact an emotional toll on you and your family. Recognizing these emotions and dealing with them positively can go a long way toward helping you and your family cope with the stress that often follows a job loss.  Emotional reaction  Your immediate reaction to losing your…

  • A woman in a yellow sweater smiling while working on a laptop at a bright home office desk

    Evaluating a Job Offer 

    If you’re considering changing jobs, you’re not alone. Today, few people stay with one employer until retirement. It’s likely that at some point during your career, you’ll be looking for a new job. You may be looking to make more money or seeking greater career opportunities. Or, you may be forced to look for new employment if…

  • Senior woman with short gray hair and glasses working at a desktop computer in a bright, modern office

    Rolling Over Funds from an Employer Retirement Savings Plan: What You Need to Know 

    When you leave your employer, you have several options available to you for managing your retirement savings plan assets. You can leave the money in the current plan, if allowed; you can cash out and take a lump-sum distribution; or you can roll over the funds from your current plan into another employer plan, if allowed,…