When you are apart of a small or large layoff there a few key points and decisions you will need to make. Key points Work closely with your financial advisor to establish spending priorities and determine the best options for managing retirement assets. Apply for unemployment benefits immediately. There are strict deadlines that can’t be missed.
Careful planning in the months before retirement can help you ensure a smooth transition. Key Points You should try to reduce or eliminate credit card debt before you retire. Make sure to determine which accounts you will withdraw from first. Remember to work with your financial advisor to develop an appropriate asset allocation strategy By
There is a good chance your 401(k) is one of your single largest assets. And the decisions you make about it can have a lasting impact on you and your family. Knowing your options at retirement are key in a financial plan. Key Points Your 401(k) may be your single largest retirement asset. The
When you take a distribution from your company’s retirement plan — at retirement or when you change jobs — you may find yourself with a sizable sum of money. Key Points When changing jobs or getting ready to retire, you will need to decide what to do with the assets in your employer-sponsored retirement plan