Wealth Management Industry White Paper
A lengthy career in the Wealth Management Industry has taught me the importance of proper planning. Too often, I have met clients who lost their jobs unexpectedly, and then do not know how to continue to manage their investments. Many employees do not understand what their options are, and lose out on the investments and retirement benefits they worked so hard for. If you are in this situation, or believe you may soon be, please speak to a Wealth Management expert as soon as possible. These professionals are dedicated to making sure that your future remains as financially secure as possible. Remember, a Wealth Manager works for you, not your previous employer.
Upon receiving notice of termination or a lay-off, the very first item you should consider is your health insurance coverage. By law, any company that offers their employees health insurance, must also provide options for continued health coverage through the Consolidated Omnibus Budget Reconciliation Act (COBRA). The extended health coverage will last an additional eighteen months past your …show more content…
Many employees, especially those lower than the corporate level, are unaware of how their pension or 401k plan really works. If you have contributed to any of the retirement savings options, you will need to make choices as to where that money goes. In some cases, you will have the opportunity to receive a monthly payment from your retirement account. Other scenarios may include a transfer of funds into an IRA or a lump sum payment. Consulting a professional about this decision is of the utmost importance. What ever you choose to do with your retirement money, you will only have one chance to make the choice. You have spent years working hard and investing money in your own future. It is only right that the money you set aside is treated carefully and
A lengthy career in the Wealth Management Industry has taught me the importance of proper planning. Too often, I have met clients who lost their jobs unexpectedly, and then do not know how to continue to manage their investments. Many employees do not understand what their options are, and lose out on the investments and retirement benefits they worked so hard for. If you are in this situation, or believe you may soon be, please speak to a Wealth Management expert as soon as possible. These professionals are dedicated to making sure that your future remains as financially secure as possible. Remember, a Wealth Manager works for you, not your previous employer.
Upon receiving notice of termination or a lay-off, the very first item you should consider is your health insurance coverage. By law, any company that offers their employees health insurance, must also provide options for continued health coverage through the Consolidated Omnibus Budget Reconciliation Act (COBRA). The extended health coverage will last an additional eighteen months past your …show more content…
Many employees, especially those lower than the corporate level, are unaware of how their pension or 401k plan really works. If you have contributed to any of the retirement savings options, you will need to make choices as to where that money goes. In some cases, you will have the opportunity to receive a monthly payment from your retirement account. Other scenarios may include a transfer of funds into an IRA or a lump sum payment. Consulting a professional about this decision is of the utmost importance. What ever you choose to do with your retirement money, you will only have one chance to make the choice. You have spent years working hard and investing money in your own future. It is only right that the money you set aside is treated carefully and