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New people, new routines, different tasks, and even a different way to travel to and from work - Leaving a company can be stressful for many people. Whether it is on your own accord, or someone else's, just the change alone can be a time of excitement, anxiety or a combination of both.
Oftentimes, a new job means a new salary. Now might be a good time to take stock of your current financial condition, and assess your debt in light of your change in income.
Having a lot of bills to pay simply adds extra stress when you already have a lot to think about. If that's on your mind, you may want to consider a Debt Consolidation Loan. It can be an easy way to reduce your interest rate and make your debt payments smaller and simpler by combining all of your debts into one monthly bill.
Perhaps you were in the situation where you left one job and some time passed before finding another. If so, you probably realize how important having an emergency fund is for paying your bills until you find another job.
Not everyone is fortunate enough to have sufficient funds available when the unexpected job change happens. That's where we can help you fill in the gaps to make ends meet until you're working again with a Shell New Orleans FCU Visa. Both the Visa Classic and Visa Gold credit cards have low rates, year 'round with no teaser rates or annual fees. Just stability you can count on.
If you're a homeowner, you may want to consider a Home Equity Loan. With great rates and possible tax advantages, this source of extra funds may just what you need to stay afloat in between jobs.
Some companies allow you to keep your 401(k) balance with their fund provider - either indefinitely, or for some set amount of time (be sure to find out before you leave, if possible). Others require you to move your 401(k) immediately. If that ends up being the case for you, you'll want to be aware of the tax consequences for each possible 401(k) distribution method. To ensure you're not assessed taxes or early withdrawal fees, your best bet may be a direct rollover into an IRA. To assist you in making the right decision, contact our financial management representative, John Mire, who can educate and guide you so your direct rollover is quick and easy with no negative consequences.
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