Layoff Checklist

Tuesday. October 24, 2023 - 1 min

personal-finance

With the layoffs occuring all the time these days, here’s a to-do list of things I’ve compiled:

Use or Claim FSA funds
Utilize Transit/Parking benefit funds
- Note: Transit funds typically expire on the day of termination
Consider moving your 401k
- Your 401k may start charging fees¹
- If applicable, ask when the true-up contributions occur (usually Q1 of the following year).
Consider moving your HSA (Fidelity’s HSA is free)
- Your HSA provider may also start charging fees¹
Back up important files²
- Make a copies of:
  - Paystubs
  - Performance reviews
Go to all the doctors (make the appointments now?).
- This includes getting glasses/contacts and your bi-annual dental checkups
- Request for a 90 day supply of any medications you need
- Your insurance typically will run intil the end of the month.
File unemployment
- Some states require you to wait out the to the end of your severance period.
Take a breath
Update Resume/LinkedIn

Your employer typically pays for these fees, now that you’re no longer employed by them they won’t pay for the fees anymore. ↩ ↩²
This goes without saying, but make sure you only take your personal data. ↩

Software Engineer in NYC