Brian Kuhn CFP®, CLU®, Senior Vice President and Financial Advisor at Wealth Enhancement Group was featured by Barron’s in "What to Do if You Are Laid Off: Tips from Pros on Everything from Budgeting to Finding Another Job."
“I go through a little list when a client is laid off. The first thing I cover is helping the client identify all of the available money they can access without major negative consequences to cover bills while they’re not working. It isn’t always obvious to clients what money they have access to; they tend to just see their checking account. But there could be things like CDs, savings accounts, or vacation funds that we need to temporarily use and then try to build back up later. There could be bonuses due, or home-equity lines that can be accessed.”
For more helpful tips from Brian, access the article written by Steve Garmhausen here.
