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Changing Jobs


Posted on Friday, November 4, 2016 in Lifestage Checklists

Times can be overwhelming when it comes to starting a job or switching career paths. Here are some steps that you can take to ensure your transition is smooth.

Before you leave your current job
  • Most employers prefer that you give a two weeks' notice before quitting. After you have received an offer for a job in writing, be sure to notify your current employer next.
Know benefits available at your new company
  • Most employers don't offer health coverage starting on day one, so be prepared for whatever gap coverage needed.

401(k) roll over options
  • Keep your money with your current employer (usually as long as you have at least $5,000). The benefit for this option would be that you already know the plan.
  • Completely rollover your money to your new company. Your human resource department can you with the rollover and if your new company doesn't offer a retirement plan, many companies let you set up an IRA online.
  • Your current employer sends you a check, usually if your balance is below $5,000. You will have 60 days to deposit the full amount into another retirement otherwise you will be subject to taxes and penalties.
    • More questions? Contact Lisa McCoy at 515-382-2191.
Sign-up for direct deposit
  • Many companies offer the benefit of direct deposits. If you would like your checks to be automatically deposited into your account(s) sign up with direct deposit.

Track your monthly expenses
  • Be sure to track your monthly expenses and income before switching jobs to ensure a healthy budget with your new income.
Check all current accruals
  • Meet with your Human Resource Director(s) and discuss all accruals that you are entitled to upon leaving. 
  • Be sure to track your monthly expenses and income before switching jobs to make sure that you can afford your spending on your new income
    • Back Pay
    • Vacation Pay
    • Sick Pay
    • Future distributions
Additional Resources
  • Resume Builder
  • Job Searches
    • Indeed
    • Career Builder
    • Monster
    • Linkup
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