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THE CAREER CHANGE FINANCIAL PLANNERBreak Away Without Going Broke (SM) |
(Play MP3 now!) It’s no secret to the many who lost their jobs in this recession: getting laid off can wreak serious havoc on your personal finances. So what can you do to minimize the impact? Then, once you’re back to work, what might you do to be better prepared in case it happens again? [...]
As discussed in a previous post, it’s usually a good idea to roll over your 401k when you leave a job. However, there are exceptions. One good reason to pause before you roll over your 401k is to check if you might benefit from a little known tax break that goes by the rather cryptic [...]
“Sherrill is now working toward her fifth Ph.D. and appears to have her goals set as a career grad student.” Or at least that’s what the Student Prophecy section of the Crimson Log, my high school yearbook, had predicted for me for 2002. Well, it’s now 2009, and I’ve only gone back to school twice, [...]
So you’ve probably heard plenty about using 529 plans to save for your kids’ college costs, but what about you? If your desired career change requires a return to school, you can open and fund a 529 to get a tax break when paying for your own “qualified education expenses at an eligible educational institution.” (Click [...]
Having trouble making the payments on your federal student loan? If your income is low relative to your debt (e.g. due to a layoff or difficulty securing full employment), it may be worth your while to look into Income-Based Repayment (IBR), a new way to make student loan payments more manageable. Our college planning expert [...]
This career change story comes from guest blogger and college planning expert Todd Weaver, Senior Associate with Strategies for College, Inc., our “go to” guy for August’s “Higher Ed” month. Have you ever heard the phrase, “you can plan all you want, then life happens?” That’s exactly what happened to my family in the past year as [...]
June’s Pink Slip Lemonade theme was so much fun, I’ve decided to do theme months as a regular occurrence on the blog. Recently, the topic that keeps popping up is higher ed. Whether it’s career changers needing more education to make the shift they want or parents facing kids’ college bills in the middle of [...]
Everywhere I turn, I keep stumbling across the concept “We’re all self-employed now.” Maybe this is the result of that phenomenon whereby once you buy, say, a Honda CRV or a Litespeed bike, you notice that everyone on the road seems to have one. Or maybe not. In any case, I recently heard it used in the context [...]
This story of making Pink Slip Lemonade from layoff lemons comes from guest blogger Pamme Boutselis of TrackAhead.com, an education and career focused social network launching later this summer. The phone call came mid-morning on my first day back from vacation in early August ‘08. I had just inked the contract for my daughter’s [...]
After what seemed like an incredibly long wait, lemonade weather — my favorite — has finally arrived in the Northeast. So I hope you will indulge me for a few final posts on last month’s featured Pink Slip Lemonade theme. But first… Many thanks to the guest bloggers who wrote about their post-pink slip career changes, including professional [...]
