Getting laid off is one of the most stressful situations anyone can face. Beyond the immediate concerns of finding new work and managing day-to-day expenses, there’s often a big financial question hanging over your head:
What should you do with your 401(k)?
For many, a retirement account is one of their largest assets. Unfortunately, it’s also an area where a quick decision can have long-term consequences. Too often, people take the “easy” option — and end up with unexpected taxes, penalties, or lost future growth.
At Gundersons CFO & Bookkeeping, we’ve seen firsthand how costly these mistakes can be. That’s why I recorded a quick video breaking down:
- The most common mistake people make with their 401(k) after a layoff
- What you should consider before making any moves
- Safer strategies that protect your retirement savings
If you’ve recently been laid off (or know someone who has), this is a must-watch.
Watch the full video here
And if you’d like personalized guidance on protecting your retirement and planning your next steps, you can book a free Discovery Call Today!
Want more practical tax tips for small business owners?
Check out our full Big Beautiful Tax Bill series and other blog posts here.