Career Transition and Overseas Expatriate Placement
Retrenchment or career change can be a worrying
time. Getting your finances under control helps
reduce the stress on you and your family, and helps you
avoid costly mistakes.
Research suggests one-in-three executives face retrenchment
at least once in their career. Others opt for significant
career changes, which often take time to pay off financially.
But while these transitions are common, it doesn't make
the financial impacts easier to manage. And there are important
choices to make.
First you'll need money until you find another job. Should
you cash in your payment or sell some other assets? If so,
which ones? Many people find it useful to set up a regular
income from a cash trust to pay the bills while they get
re-organised. Is this right for you?
If you've enjoyed benefits like life insurance, contributions
to the Central Provident Fund and employee share schemes,
you'll have decisions to make with these too.
The good news is that most people can come out the other
side of retrenchment or a career change better prepared
to get ahead financially.
Quality financial advice can help you make the right decisions,
and reduce one of the key causes of stress during an unsettled
period.
Make
an enquiry or see an adviser
now, or call us at 6511 7336 to explore your career transition
choices further.
