Jeannie Drobina

WORK HISTORY

EDUCATION

ABOUT JEANNIE DROBINA

Facing a Crossroad? Let’s Turn Your Severance into a New Beginning 1. Severance Packages and Benefits: Understanding Severance: What to expect in a severance package, including how it’s calculated and any associated benefits like health insurance continuation (COBRA). Maximizing Severance: Tips on negotiating better severance terms, particularly around benefits continuation, retirement contributions, and outplacement services. Retirement Account Management: 401(k) Options: What to do with their 401(k) after leaving the company—whether to leave it, roll it over to an IRA, or another employer\'s plan. Early Withdrawal Penalties: Educating them about the risks of withdrawing from retirement accounts early and potential penalties. Unemployment Benefits 4. Health Insurance Continuation: COBRA Coverage: Understanding COBRA, how long they can stay on it, and the associated costs. Alternative Health Insurance Options: Exploring other health insurance options, such as ACA plans, which might be more affordable than COBRA. Financial Planning During Transition: Budgeting Tips: How to adjust their budget during the transition, including cutting unnecessary expenses and managing debt. Emergency Fund Usage: Best practices for tapping into an emergency fund without jeopardizing long-term financial health. Career Transition: Job Search Strategies: Leveraging LinkedIn, networking, and job search engines to find new opportunities quickly. Read all the way to the bottom. Exploring New Career Paths: Skill Assessment: Identifying transferable skills that could open doors to new industries or roles. Tax Implications of Layoffs: Handling Lump-Sum Payments: Understanding the tax implications of receiving a lump-sum severance or retirement payout. Tax Deductions and Credits: Potential deductions or credits available for job search expenses, moving for a new job, or education. Emotional and Mental Health Resources: Coping with Job Loss: Accessing counseling, support groups, and other mental health resources. Maintaining Motivation: Strategies for staying positive and productive during the job search. Your severance isn’t just a bridge to your next paycheck—it’s a launchpad to something greater. If you’re ready to not only manage your severance but transition into a career in the financial sector that aligns with your values and goals, let’s explore how we can make that happen together. Call us today!