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Ep 98: Financial Planning Considerations When Between Jobs

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Manage episode 360011462 series 2891513
Content provided by Scott Sierens. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Scott Sierens or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Finding yourself between jobs can be frustrating. Whether you were fired, laid off, or just had to step away of your own choosing, change can feel challenging, but can also present exciting opportunities. In today’s episode, we’re going to talk about changing careers and cover five financial planning considerations when transitioning into a new job.

Here’s some of what you’ll learn in this episode:

  • It is time for a new career in a new industry? Or time to work for yourself? Some questions to ask yourself between jobs. (3:32)
  • Some health insurance options to explore between jobs. (8:47)
  • How to handle severance to support your lifestyle and grow your wealth. (11:02)
  • The importance of consolidating your old 401Ks during this transition. (13:50)
  • What kind of tax planning should you be doing? (18:00)

Want to get in touch?

Web: https://sierensfinancialgroup.com/

Email: office@sierensfinancialgroup.com

Phone: 847-235-6989

Read more and get additional financial resources here: http://lifemoneyshow.com

Check out our YouTube channel: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ

  continue reading

147 episodes

Artwork
iconShare
 
Manage episode 360011462 series 2891513
Content provided by Scott Sierens. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Scott Sierens or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Finding yourself between jobs can be frustrating. Whether you were fired, laid off, or just had to step away of your own choosing, change can feel challenging, but can also present exciting opportunities. In today’s episode, we’re going to talk about changing careers and cover five financial planning considerations when transitioning into a new job.

Here’s some of what you’ll learn in this episode:

  • It is time for a new career in a new industry? Or time to work for yourself? Some questions to ask yourself between jobs. (3:32)
  • Some health insurance options to explore between jobs. (8:47)
  • How to handle severance to support your lifestyle and grow your wealth. (11:02)
  • The importance of consolidating your old 401Ks during this transition. (13:50)
  • What kind of tax planning should you be doing? (18:00)

Want to get in touch?

Web: https://sierensfinancialgroup.com/

Email: office@sierensfinancialgroup.com

Phone: 847-235-6989

Read more and get additional financial resources here: http://lifemoneyshow.com

Check out our YouTube channel: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ

  continue reading

147 episodes

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