RunningBum
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jun 18, 2007
- Messages
- 13,249
My son just called and told me he got let go from his job. I don't really know the details and it's nothing that would keep him from getting another job.
My main question is, aside from looking for a new job (which he had been doing anyway, but now will be more motivated) or possibly go back to school, what all should he be doing?
My thoughts:
0) Keep his head up and realize stuff happens, and not to take it personally. Have a short pity party and move on. He wanted out of there anyway (he was in retail) so this will probably turn out to be a good kick in a better direction.
1) Get on ACA. He loses the medical insurance he had through work. He'll probably come out better since he'll get a subsidy and was paying a good chunk for mediocre health care before. Any rules on how quickly he can do this?
2) File for unemployment compensation. Any rules here? He's already applying for jobs and will certainly be actively working.
Less urgently:
3) Move his 401K over to Vanguard. He had reviewed his investment options with me a couple years ago and I don't recall any especially good investment choices.
4) If this turns into a low income year we'll look at converting that 401K/IRA to a Roth, at least partially.
Any other advice? What are the best job seeking sites these days?
My main question is, aside from looking for a new job (which he had been doing anyway, but now will be more motivated) or possibly go back to school, what all should he be doing?
My thoughts:
0) Keep his head up and realize stuff happens, and not to take it personally. Have a short pity party and move on. He wanted out of there anyway (he was in retail) so this will probably turn out to be a good kick in a better direction.
1) Get on ACA. He loses the medical insurance he had through work. He'll probably come out better since he'll get a subsidy and was paying a good chunk for mediocre health care before. Any rules on how quickly he can do this?
2) File for unemployment compensation. Any rules here? He's already applying for jobs and will certainly be actively working.
Less urgently:
3) Move his 401K over to Vanguard. He had reviewed his investment options with me a couple years ago and I don't recall any especially good investment choices.
4) If this turns into a low income year we'll look at converting that 401K/IRA to a Roth, at least partially.
Any other advice? What are the best job seeking sites these days?