Laid Off. What should I do with my money? I’m 30F, and was laid off today with no severance. I was not expecting this, and my goal for the next few months was to start my investing journey. Like I literally opened a Roth IRA with Fidelity a week ago, maxed it out for 2024, and then maxed it out again YESTERDAY for 2025 (and I’m still researching what to invest in so it’s just sitting th…

James – Laid (Version 2) submitted by /u/modestmoose14

I got laid off yesterday It wasn’t entirely out of left field, yet somehow it was still a shock. The company hadn’t been doing well for a while, but I thought my particular role was fairly secure. I was there for 3 years. I filed for unemployment last night and now I just feel completely immobilized. I know my resume sucks, and I have a hard time describing what I did b…

Laid – Series Premiere Discussion Laid Premise: Ruby (Stephanie Hsu) learns her exes are suddenly mysteriously dying and seeks to talk to all her previous lovers before they die in the comedy series based on the Australian series of the same name. Subreddit(s): Platform: Metacritic: Genre(s) r/LaidTVSeries Peacock (score guide) Comedy Links: IMDb Wikipedia Trai…

Laid off, should I reduce 401k contributions? Laid off yesterday and severance includes salary until Feb 1. Should I reduce my 401k to zero or by another amount? Early 40s and have about $450k for retirement. Work in tech and concerned job search may take a while. Have a mortgage, no kids/pets, senior parent lives with me. Edit: thank you all for the speedy advice! This thought just popped …

Laid off – Should I Be Picky About My Next Job? I’m in a bit of a dilemma and could really use some advice. I’m a new grad mechanical engineer who was recently laid off just 4 months into my first full-time role. I have around 1 year of experience including internships now. Here’s my situation: I received severance and qualify for unemployment, so I have about 8-12 months of financial cushio…

Recently laid off. What do I do? Hi all! New to this sub. I was recently laid off. What should I do with my traditional 401k? Do I leave it be where it is? Do I put it in a HYSA? Put some in a HYSA and have a financial advisor invest some for me? I’m in my early 40s, married with two kids. Not entirely sure what to do given the current economic uncertainty and what’s to come in…

Recently laid off and having a lot of questions. I am getting a few months of severance pay as well. But not sure about what to do now. Should i apply for unemploymen. Do i wait till me severance pay runs out and than apply for unemploymen. I plan to be self employed going forward. Can I still contribute to Roth IRA accounts. Can i setup 401k for my business. So many questions. Please let me k…

Laid off after 30years My dad was laid off from his job given a 2 week t notice with an 8 week severance. After his first week they asked him to extend 2 more weeks he said no. They mentioned his severance wouldn’t be paid if he didn’t accommodate. My dad is retiring in January he doesn’t want problems but I don’t think he is being treated fairly. He is union all unio…

Laid off at the beginning of the month, not sure what to do next. Throwaway account: 45 years old, married with kids, one is HS, the other junior high in a HCOL area. Was laid off from my job of 24 years, I was notified back in late Aug that I had 60 days to find a new job and then I would be laid off. I looked internally/externally during those 60 days and couldn’t find anything (have applied for ~150 jobs) …

Laid Off, what should I do with my 401k? 35F, 100k in 401k. I have 70k in an unrelated Roth. Unfortunately I have whole life insurance with $20+k in it, that I want to eliminate. I was suckered by a relative when I was 18 into it. Side note: My partner, 39, is also out of work with me. This is scary, but I have 6 months in emergency fund. Partner has tenants that will cover his mortga…

Getting laid off…what to do with 401(K) Everyone says roll it over but into what? IRA? Brokerage / Investment? Indexed annuities? Don’t have a new job yet / new employer’s 401(k) Edit: some of you are saying to let it sit and then roll over to a new employer. why? isn’t it better to roll over to a IRA to invest still while i am searching for a new job? tech is a hot mess right now, n…

Laid off with 15k in 401k I was laid off from my job a few days after giving birth. I currently have $15,933.65 in my 401k and I need to figure out what is my best option. I won’t be getting a job any time soon due to giving birth literally 2 weeks ago to my second child. I’ve seen that 5k can be withdrawn if you had a birth or adoption but what should I be doing with th…

Marvel has its 2025 Disney Plus roadmap all laid out It has been a while since the MCU really felt like a cohesive place, but Marvel’s new slate of upcoming Disney Plus shows makes it seem like the studio is ready to tighten things up. Ahead of Agatha All Along’s season 1 finale tonight, Marvel shared a new sizzle reel highlighting all of its upcoming projects that will carry the MCU into its Sixt…

Likely getting laid off in 2 weeks. What money moves should I make? My boss told our team this week the company is planning on massive layoffs in 2 weeks, so I have at least two more paychecks the way pay periods fall. The short is that I’m in my mid-40s, primary provider to our family of 6. Wife works part-time but stayed home 10 years ago with the kids. We prioritized frugal living so we can send the kids to …

Laid off in Michigan. Never filed unemployment before. My company got acquired and I was part of a round of layoffs. According to the age discrimination section of the exit packet I was given, I was 1 of 43 people to lose their job this pay period. Due to my interest in /r/personalfinance/ I feel somewhat overprepared for this situation, although I’ve never been in it before (I’m 41, and if I’ve eve…

How to prepare for when laid off ? Thought I’d get some financial perspective here . My company recently announced that it would be doing Layoffs. As a precursor, it’s offering the option to volunteer with an immediate payment of the severance package. I make 160k (base) per year and from my calculation, severance would be around 90k (before taxes). In order to volunteer, I need …

Laid off before our wedding My partner and I are 2 months out from our wedding and are potentially bracing for a potential layoff due to corporate restructuring and a shitty boss. We have enough cash saved to pay off all budgeted expenses for the wedding (roughly 40k) andd to have some funds left over (between 10-12k). That remainder turns into our emergency fund as we hav…

I got laid off after 4 months in NY. Do I qualify for unemployment? I recently got laid off. I live in PA, but I worked remote for a NY-based company for 4 months full time. I worked part-time at the same company for 5 months before being offered full-time, so I worked there for a total of 9 months. They are keeping me on for one month full time and then my job is terminated. Do I qualify for unemployment? Can I…

Laid off and still need to secure a new apartment. What are my options? American here. I just got laid off yesterday and I need to leave my lease in about a month. Problem is I don’t have an apartment secured so if I apply anywhere I have no proof of income. I could collect unemployment but I suppose most landlords won’t really count that. Are there other options that I have? I’ve tried looking up my situation but m…