- The Economic Stages of Unemployment
- Methods of Providing Supplemental or Temporary Income
- Retirement Assets
- Comparing Ways to Borrow
What's the major concern of most people during a career transition, especially an involuntary one? NO PAYCHECK. Are you asking yourself: "What am I going to do to pay my bills?", "Where will the income come from?" The answers vary, of course, depending upon your financial position.
For one thing, you need to understand that there are different economic stages of your loss of employment, from your first notice to unemployment insurance. You should build your financial planning around this series of stages.
There are several methods of providing supplemental income. You might also consider taking out a loan or tapping into your retirement assets. This section also includes a comparative chart that lets you see at a glance what the best way to borrow might be for you.
Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Franklin Mint Federal Credit Union and Mint Wealth Advisors are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using Mint Wealth Advisors, and may also be employees of Franklin Mint Federal Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Franklin Mint Federal Credit Union or Mint Wealth Advisors. Securities and insurance offered through LPL or its affiliates are:
|Not NCUA Insuredor Any Other Government Agency||No Credit Union Guarantee||Not Credit Union Deposits||May Lose Value|
The LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the following states: NJ, PA, NY, DE, AZ, MI, FL, MD, TX, VA, GA, NC.
Financial Learning Center content created by TrueBridge, Inc. The information provided is based upon sources and data believed to be accurate and reliable. The content contained herein is intended for information and illustrative purposes only, should not in any way be construed as a personal recommendation, and should be used in conjunction with individual professional advice.