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Transitioning Jobs

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Transitioning Jobs

Deciding to take a new job or change careers can be a very difficult choice. There are many factors that should be taken into account before making this decision, and most of these have the potential to impact your personal finances.


Things to Consider

There are a number of considerations to think about when contemplating a job change. Some include:

  • Comparison of benefits packages
  • Comparison of retirement savings plans
  • Job security, seniority, and advancement opportunities
  • Changes in your commute
  • Differences in company policies

Keep in mind that if you do decide to change jobs, the CCU Wealth Strategies team can help explore your options for existing 401(k) balances as well as complete a financial plan for you. Financial plans can help you evaluate specific scenarios before making a final decision.


If You Lose Your Job

If you should lose your job, know that CCU is here to help you. Our Member Assistance Program* is free, confidential, and can help you improve your financial situation. If you are experiencing job loss or other financial hardship, please contact us. Our personalized approach can give you additional options based on your individual circumstances.

Even if you are only anticipating future hardship due to the loss of your job, we encourage you to contact us. Once we understand your specific situation, we can discuss any options that are currently available to you. We can also determine what may be available in the future should you begin experiencing difficulty.


Dealing With Job Loss

Coping with the loss of a job is never easy, but there are steps you can take to help your financial situation. Even if you’re anticipating a future layoff or insecurity in your job situation, using these strategies can help prepare you in the event that does happen.

  • Do everything you can to save at least three months’ worth of expenses.
  • With any additional funds, pay down debt you may be carrying – beginning with the highest interest debt first.
  • Cut back on your amount of discretionary spending.
  • Talk to a CCU representative about the Member Assistance Program* and learn about the personalized options you may have.

*Corning Credit Union's Member Assistance Program is not affiliated with RJFS.

Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC, and are:

  • Not deposits or obligations of the credit union
  • Not insured by NCUA or any other governmental agency
  • Not guaranteed by Corning Credit Union
  • Subject to risk, including the possible loss of principal.

Corning Credit Union and the Wealth Strategies Group are not registered broker/dealers and are independent of Raymond James Financial Services. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. This information is published for residents of the United States only. Raymond James' financial advisors may only conduct business with residents of states for which they are properly registered. Therefore, a response to a request for information may be delayed. Please note that not all of the investments and services mentioned are available in every state. Investors outside of the United States are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this site. Contact your local Raymond James office for information and availability. RJFS Privacy Policy.

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