A job change may be a good opportunity to reevaluate up your financial plans.

If you are considering making a career switch, it’s important to spend some time evaluating how this change could impact your finances.

If you are moving on and moving up in your career:

• Set savings goals and spending limits that your new salary can accommodate
• Enroll in your new employer’s retirement savings plan
• Rollover retirement funds
• Enroll in your new employer’s health insurance plan
• Transfer HSA and FSA funds
• Don’t forget to set up direct deposit

If you are planning to leave your current employer without another job lined up or are reducing your hours:

• Make sure you have an emergency fund in place so that you are prepared to cover at least 6 months of expenses
• Examine your monthly expenses closely and cut out costs where possible
• Ensure you have a plan in place to avoid gaps in health insurance coverage
• Put a plan in place to protect your retirement savings