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Laid Off After 50? Five Clocks Are Already Running
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If a layoff lands after 50, it isn't an income problem. It's a structural one. Severance, equity, health coverage, and your 401(k) all start moving at once on separate deadlines, and several of those decisions are permanent.
Hazel Secco, CFP®, CDFA®, walks through the five moves to make before you sign anything, the two moves that quietly cost the most, and the one rule about your 401(k) that most people, and plenty of advisors, have backward.
Her division was restructured on a Tuesday. By Friday she'd started rolling her 401(k) into an IRA, because that's what responsible…
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