In this video, I cover 8 different money-related decisions to consider if you're planning to leave your job -- whether you have another one lined up or not. Here are some of the topics I cover in this video: 401(k)s, FSAs (Flexible Spending Accounts), health insurance & COBRA, life insurance, and more!
While this is a detailed video (and a lengthier one than usual!!) keep in mind that your situation may be unique with other things to consider. This is by no means an exhaustive list, but I hope it helps!
00:00 Start of video
02:15 How to fund your life
06:35 My "quit your job" fund
08:02 Where you'll get medical insurance
10:31 My COBRA insurance
12:21 How you'll spend your FSA
14:07 My health shopping spree
14:33 Should you wait for your next stock vest?
16:21 My golden handcuffs at Google
17:08 Who I am
17:30 What to do with your employer-sponsored retirement account
22:46 Oops I cashed out my 401(k)
24:40 What to do with unused PTO
26:12 My "extra" PTO
26:57 What you'll do about life insurance
31:09 My term life policy
31:31 Benefits and perks to take advantage of
32:19 My ongoing discounts
📚 RESOURCES MENTIONED
➤ Free Cash Flow Spreadsheet - w4woc.com/cashflowsheet
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⚠️ AFFILIATE DISCLAIMER: Some of my videos and descriptions may contain affiliate links and sponsored content. This means I may earn a small commission if you use these links, at no extra cost to you. With that said, I only recommend products or services I have personally vetted or used, and that I think may be helpful!
⚠️ CONTENT DISCLAIMER: This content is strictly for educational and informational purposes. Lissa does not provide legal, tax, or investment advice. While she is an Accredited Financial Counselor®, her content is not intended to offer investment advice or serve as a substitute for personalized financial guidance tailored to your specific situation.
💁🏽‍♀️ Hi! I’m Lissa - an Accredited Financial Counselor®, personal finance expert, speaker, and so much more ;). I started Wealth for Women of Color because not enough BIPOC women have a safe space to openly learn about money and building wealth from a voice that speaks to them.
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Thank you for watching. Until next time, peace out! ✨
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