Advisors Answer: What to do if you're laid off

Описание: Getting laid off is a tough pill to swallow, but it doesn't have to be the end of your financial journey. In this episode of The Live Greater View, produced by VLP Financial Advisors, hosts Rose Price and Chris Mellone dive deep into the timely topic of layoffs and how to navigate them effectively, no matter where you are in your career.

Whether you're just starting out, midway through your professional journey, or nearing retirement, this episode offers valuable insights to help you plan, pivot, and prosper.

Here's what you’ll learn:

Immediate Steps to Take After a Layoff: How to process the news and make rational decisions.
Health Insurance Considerations: What to do when your medical coverage is tied to your job.
Evaluating Emergency Funds: Assessing your financial safety net and how to strengthen it.
Career Stage Guidance: Tailored advice for early-career professionals, mid-career individuals, and those nearing retirement.
Networking & Mentorship: How to leverage connections and seek guidance for a successful transition.
Testing Retirement: Strategies for those considering a change or a phased retirement.

This episode is packed with practical advice, real-life client experiences, and actionable steps to help you bounce back stronger. Whether you’re facing layoffs or just preparing for the unexpected, tune in to The Live Greater View for the financial guidance you need.

VLP Financial Advisors is an independent, full-service wealth services firm, with $1.19 B* in assets under administration as of 7/22/2024, with clients located nationwide. Our professionals work with families and individuals on financial planning, investment management, and retirement planning, as well as with corporate clients and their employees to create and manage retirement plans and employee education. We believe in partnering with our clients to help them align their financial decisions with their goals and vision for the future, so they can live greater at every life stage. We help clients live their best life through our VLP Live Greater Partnership Process. It’s our passion, and we’ll be with you every step of the way.

*Cetera Advisor Networks AUM $897 M., Fidelity Retirement AUM $169.4M, ADP Retirement AUM $125M. Securities and Advisory Services offered through Cetera Advisor Networks LLC, member FINRA/SIPC, a broker/dealer and a Registered Investment Adviser. Cetera is under separate ownership from any other named entity. The views stated in this material are not necessarily the opinion of Cetera Advisor Networks LLC and should not be construed directly or indirectly as an offer to buy or sell any securities mentioned herein.

Hosted by Rose Price, Financial Advisor; and Chris Mellone, Financial Advisor; VLP Financial Advisors, 8391 Old Courthouse Rd, Suite 203; Vienna, VA 22182. 703-356-4360.

Chapters:
0:00 Intro
2:03 Take A Step Back
3:32 Layoff As An Opportunity
4:44 Immediate Decisions
8:58 Early Career
10:51 Mid Career
14:40 Late Career
19:15 Concerned About Future Layoffs



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