Understanding your new benefits and transitioning away from your old ones is a critical (and often forgotten) part of the job transition process. These decisions typically occur within a short window, so you won’t want to procrastinate.
The Guide to Managing a Job Transition covers:
- What to do with your old 401(k) or 403(b) retirement plan
- Setting up and enrolling in your new retirement plan
- Vesting and what happens if you leave behind stock options or RSUs at your old job
- Understanding equity compensation at your new job
- Health insurance, life and disability insurance
- Health savings accounts and medical FSAs
- Deferred compensation plans and what happens after you quit
- How a big raise or other changes can impact your entire financial situation
- And other things to consider when changing jobs