In this episode Mark broadcasts from the cruise ship Silver Nova off the coast of Australia.
Mark addresses the critical steps to take if you or someone you know is laid off. Topics include understanding severance packages, health insurance options like COBRA, applying for unemployment benefits, managing emergency funds, consolidating retirement accounts, and reassessing financial priorities.
Mark emphasizes focusing on controllable aspects and maintaining a positive outlook during such transitional periods.
If you would like your question answered on the show, please send an email to Mark@MarksMoneyMind.com and put “podcast question” in the subject line.
Episode Links:
Mark’s Money Mind YouTube Channel
Timestamps:
- 00:58 Navigating Job Loss: Initial Steps
- 01:35 Understanding Severance Packages
- 03:21 Health Insurance Options After Layoff
- 07:25 Managing Finances During Unemployment
- 09:36 Rolling Over Retirement Accounts
- 11:40 Finding New Opportunities
- 13:23 Episode Summary and Final Thoughts
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