What to do When you have been Laid Off
Understand your Severance Package
Review and Understand how your Company Benefits will be Changed
Health Insurance
Disability Insurance
Life Insurance
Pension
401k Plan
Apply for Unemployment
Update your Budget...put plan in place to balance your income and expenses
Consider Rolling your 401k to an IRA account
Begin Networking for a New Job
Social Security
Social Security's finances are getting worse as the economy struggles to recover and millions of baby boomers stand at the brink of retirement. New congressional projections show Social Security running deficits every year until its trust funds are eventually drained in about 2037. It is now more than ever important to build your retirement nest egg personally:
Contribute as much as you can to company 401k plans...$16,500
If you are over age 50 contribute the extra $5000
Contribute to a Roth IRA or traditional IRA if you qualify
Review your investment strategy at least annually
For more investment information:
www.morganstanleyindividual.com
Understand your Severance Package
Review and Understand how your Company Benefits will be Changed
Health Insurance
Disability Insurance
Life Insurance
Pension
401k Plan
Apply for Unemployment
Update your Budget...put plan in place to balance your income and expenses
Consider Rolling your 401k to an IRA account
Begin Networking for a New Job
Social Security
Social Security's finances are getting worse as the economy struggles to recover and millions of baby boomers stand at the brink of retirement. New congressional projections show Social Security running deficits every year until its trust funds are eventually drained in about 2037. It is now more than ever important to build your retirement nest egg personally:
Contribute as much as you can to company 401k plans...$16,500
If you are over age 50 contribute the extra $5000
Contribute to a Roth IRA or traditional IRA if you qualify
Review your investment strategy at least annually
For more investment information:
www.morganstanleyindividual.com
