Tie up any loose ends.
Once you’ve landed a new job, you’ll need to stay on top of tasks to ensure a smooth transition.
- Filling out the paperwork. Update your employer contact information, where applicable and request direct deposit to maintain continuity of payroll deposits.
- Register for benefits as soon as possible. Consider taking advantage of COBRA insurance to fill any gaps in coverage during the transition.
- Consider your employer-sponsored retirement plan. Don’t leave your 401(k) behind: roll it over, take it with you or cash out. Understand applicable penalties, taxes or fees associated.
- Reassess your financial situations. And adjust your plan to fit your goals. And take advantage of a pay increase by boosting savings or paying down debt.