Tag: Modera financial advisors in Boston

It’s a story heard far too often: a company gets acquired and layoffs happen. Even after many years of loyalty, commitment, and skill, you too could be laid off. Unfortunately, situations like this are not uncommon.

Upon leaving the company, you may be provided with the typical types of compensation you’d expect from a layoff. You may receive a vacation payout, coaching, vested stock options, and severance. While the cash might grant you a modicum of control, it’s still very displacing.

So, what should be your first decision, post-layoff? For many, it’s a vacation! But these same people say in hindsight that they should not have prioritized taking a vacation so shortly after being laid off. Here are some actions you can take in order to afford you some control and confidence over your future career.

1. Get Your Financial Planning House in Order

If you’re not generating employment income, …

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Diehard minimalist, or borderline hoarder. If you’ve at least feigned an interest in Marie Kondo’s organization skills, or have deliberated internally about whether or not you should throw away last week’s newspaper, you’ve no doubt given at least some thought to removing clutter from your physical space.

But have you ever thought about decluttering your financial life?

Bills, bills, bills. Insurance premium letters, tax notices and statements, and more bills can all add to your financial clutter. While physical clutter makes living in a physical space more difficult, financial clutter makes it more difficult to navigate your finances properly and enjoy your life. Constantly worrying about routine, mundane financial tasks can stop you from pursuing your financial goals.

Your life is like a jar, and all of your priorities need to fit into that jar. Large rocks are long-term financial goals, like paying for your child’s college education. Medium sized …

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