David L. Blaydes, author and Certified Financial Planner (CFP®) with a Masters in Financial Planning, offers the recently terminated employee a valuable a must-read guide to financial survival after losing your job. Using road signs as metaphors for navigating the financial bumps in the unemployment road, Blaydes guides you through every stage of financial planning necessary during this stressful period.
In I Just Lost My Job. Now What? you will learn how to avoid the top ten money management mistakes, where to turn for money when you need it most, and how to reduce your cash flow. Along the way, Blaydes offers tips and guidance while sharing how you can avoid making short-term financial mistakes that could have disastrous long-term financial consequences.
David Blaydes is the founder and CEO of Retirement Planners International, Inc., (RPI) and has been successfully engaged in the financial planning industry since 1977. He specializes in working with terminated employees and outplacement firms. He uses his skills and expertise to guide people through stressful financial and emotional times while offering sound financial survival strategies.
Although the title focuses on a guide to financial survival after losing one's job, this is actually more of a good basic personal finance book. It covers unemployment, health insurance, 401k turnover and withdrawals, automobiles, and whether it's a good idea to pay for your kid's college education. It also explains the different types or financial advisers. the only thing I wasn't crazy about was that the book ended with a sales pitch for using the author's financial advisory services. Nonetheless, as all of the possible options were explained, and it was emphasized that the advisers should not be making money on your money, I thought the book's presentation of the subject was quite fair. My favorite point was his advice not to use professionals that make you uncomfortable for any reason. I won this in a GoodReads giveaway, and found it to be one of the better personal finance books I've read lately.
I Just Lost My Job. Now What?: A Guide to Financial Survival After Losing Your Job by David L. Blaydes is an informative guide to not only financial survival after losing your job but long term as well. David L. Blaydes gives you road signs to follow and explains things that are available to you. It is well written and is intended for an American audience.
As someone considering early retirement, I found this book presentation of different options very helpful. I'm not sure if the recent Trump tax changes will affect some of the tax percentages mentioned, but this is overall useful for anyone who may be leaving a job. I won a Kindle edition from a Goodreads giveaway.
This book is generally useful, in that it encourages people to take long-terms views, not guess the market, to save etc. However, the detail and the various tax mechanics are all US-focused, which is of course no use to anyone outside that tax regime.
It was well-written, and having been is the US system for a number of years it makes sense (some tips about the 401(k) were great, for example), so well worth a read if you are in the US . Otherwise, not useful.