Relo plans? Salary.com Cost-of-Living calculator a big help @MySalary

If you’re Beta testing a career change that involves relocation, use the Cost-of-Living Wizard on Salary.com to help you estimate the impact on your financial plan. Just plug in your current salary, current work and home locations, and the new locations, to see usable stats on how much you’ll have to earn to maintain your standard of living [...]

Find the $ to change careers: 8 tips from career expert Randi Bussin & me

Dreaming of reinventing your professional self?  Does that dream include a cut in pay?  Yeah, right!  But, for many, it may be the reality, at least temporarily.   So how do you make your dream career happen anyway?? Career expert Randi Bussin and I teamed up on this article to provide some answers to just that question.  The [...]

Unemployed to Self-employed? It pays to test the waters…

According to a new CareerBuilder survey, many are taking matters into their own hands when it comes to earning a living, with more than a quarter of those laid off in the last six months pondering self-employment.  With the job market still so tight and the rewards of self-employment great, it’s no wonder.  Once an [...]

45+ & still unemployed? You’re not imagining it: Boomers out of work longer

With hints of economic recovery starting to surface even in that now infamous lagging indicator, the unemployment rate, it’s tempting to breathe a sigh of relief that the world of work will soon be back to its old normal. But that might be overly optimistic, especially for the 45+ crowd… A look at jobs data [...]

COBRA premium subsidy question? New *very* detailed FAQ from DOL

There have been several modifications to the COBRA premium subsidy program since it was enacted as part of the stimulus package about a year ago, so a person could certainly be forgiven for not being 100% clear about his or her eligibility.  Yet there are so many dollars at stake, it’s critically important for those who [...]

3rd time’s a charm re: recovering from unemployment – Article from @Brettarends @WSJ

Following up on my two most recent posts, here’s one more take on how to get back on your feet financially once employed again after a time out of work.  Written by Brett Arends of the Wall Street Journal, the article A Financial Plan for the Newly Rehired includes fresh ideas, new perspectives, and often-overlooked [...]

“Recovering from Unemployment”? @JeanKeener weighs in

Looking for more ideas on this blog’s last topic??  For another take on getting back on track post-unemployment, check out this article by my fellow Garrett Planning Network member Jean Keener.  She points out that if you maintain your lower level of spending once the paychecks start rolling in, you could very well be in a better place than you [...]

“In this recovery, flat is the new up” — article @Newsweek

I had to chuckle at the line “In this recovery, flat is the new up” in the Newsweek article Joblessness is Here to Stay by Rana Foroohar. Unfortunately, the rest of the article doesn’t provide a lot of reasons to laugh, but many reasons to manage your money as if an unplanned career change might [...]

Your life insurance – Can you take it with you? “Post-Pink Slip” Lesson #2

In my last post, I mentioned that I took several important points away from my session with Manchester, NH-based Dynamic Networking Group.  Lesson #2 in this series is a short and sweet one: If the life insurance provided by your employer is crucial to your family’s financial well-being, check now — before your job is at risk [...]

Lesson #1 from yesterday’s “Post-Pink Slip” financial planning presentation: COBRA subsidy set to expire 12/31

Many thanks to Leslie Barrett (seated, left) and Manchester, NH-based Dynamic Networking Group for inviting me to present “Making the Most of Your Money: Post-Pink Slip and Beyond” at their monthly meeting yesterday!    I think this quote sums up the experience perfectly. Who dares to teach must never cease to learn. — John Cotton Dana Despite [...]