I Just Lost My Job — Here’s What to Do, According to a Financial Expert (Mike Daniels, CFP®)

Facing job loss is stressful — emotionally, professionally, and financially. In this episode, Leilani Brown talks with Mike Daniels, CFP®, ChFC®, RICP®, about how to approach career transitions with clarity and confidence. From understanding your cash flow and applying for unemployment to managing retirement accounts and planning Social Security, Mike provides practical steps to stabilize your finances and protect your long-term future.

In This Episode:

• How to evaluate household finances after a job loss

• Applying for unemployment benefits and understanding COBRA vs. ACA health insurance

• Handling retirement accounts strategically: 401(k), 403(b), TSP, pensions

• The Rule of Fifty-Five for penalty-free withdrawals for employees 50+

• Social Security insights and claiming strategies

• Managing debt and cash flow during career transitions

• Key financial habits and resources to build long-term resilience
  

Guest: Mike Daniels, CFP®, ChFC®, RICP® — Senior Financial Advisor at Financial Focus Group, specializing in retirement planning, risk management, tax strategies, and wealth preservation.

💬 Connect with Mike Daniels:

• YouTube → Mike Daniels CFP

• LinkedIn → Michael V. Daniels

• Email / Phone → Available for personal consultation

Resources: 🎁 Free guide: Your Next Giant Reset™ — a step-by-step guide to navigating layoffs and career transitions. 👉 Download at giantstepsllc.com