Life Events: Job Loss

Life happens. Will you be ready?
Throughout your investing life, you're going to experience life events — some planned, some not — that will affect your finances.
We're here to help you prepare for those critical times of financial change.

Job loss

While it may be tempting to reach for retirement assets after losing a job, look for other sources that won't have an impact on your long-term plans.
Keep in mind:
Think about tapping savings accounts or money market funds — they may be simplest to liquidate
Consider accessing the equity in your home through a home equity loan or line of credit
Start with Roth contributions if you must tap your retirement assets

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I lost my job.
How can I stay on
track financially?

5 ways to manage on less income

Considering an early
retirement plan withdrawal?

It's important to understand the possible effects on your retirement account and finances.

Managing retirement assets
in the event of a layoff

Learn about ways to make ends meet while you're unemployed, without dipping into retirement savings.

Retirement savings
after a crisis

These tips could help you decrease debt, restore your cash reserves and bolster your long-term security.
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Any information presented about tax considerations affecting your financial transactions or arrangements is not intended as tax advice and cannot be relied on to avoid any tax penalties. Neither Merrill Edge® nor its Financial Solutions Advisors provide tax, accounting or legal advice. You should review any planned financial transactions or arrangements that may have tax, accounting or legal implications with your personal professional advisor.

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