Top Five Financial Planning Considerations After a Career Transition

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Dignitas is an innovative independent wealth management firm that has developed an impressive track -record in providing financial advice and family office services.Dignitas has a designed a Career Transition Financial Planning Program that can help ensure a smooth career transition. To continue the conversation, please contact:

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Top Five Financial Planning Considerations After a Career Transition

© Copyright 2011 Dignitas LLC, All Rights Reserved. www.mydignitas.com

A Dignitas Lifestyle Briefing Paper

One.

Audit your previous employer’s investment
and deferred compensation plans.
Organize a list of your investment and deferred compensation plans with the following information: • • • • Access and log in credentials Economic value Investment holdings Vesting or timing considerations

While some plans may require immediate action, many do not. If you’re not going to take immediate action on an item, set a review date for the future to ensure your assets are still on track.

www.mydignitas.com

A Dignitas Lifestyle Briefing Paper

Two.

Review your insurance options.

Document your new company’s coverage for the following types of employer sponsored insurance plans: • • • • Health Dental Long term care Life and spousal life

Determine if there are any gaps between your insurable need and your company’s coverage. Also, consider benchmarking with a private policy to compare coverage terms and pricing.

www.mydignitas.com

A Dignitas Lifestyle Briefing Paper

Three.

Update your estate plan.

Updates to your estate plan should be considered at least every five years or more frequently based on estate law changes. Some companies offer employees access to a legal network at discounted rates to cover the following documents: • • • • Will Living will Powers of attorney Trusts

www.mydignitas.com

A Dignitas Lifestyle Briefing Paper

Four.

Reconfirm your personal goals.

Reconfirm your significant personal goals over the short term (1-3 years) and long term (5+ years). Consider if any of the following have changed: • • • • Timing Size or scale of the goal Savings or wealth accumulation patterns Funding sources

Determine if any changes to your personal plans require immediate action or communication with your advisors.

www.mydignitas.com

A Dignitas Lifestyle Briefing Paper

Five.

Establish a 90-day work plan.

Establish a 90-day work plan in your new position to highlight the path that you are on and the resources that may be required. Increasingly, companies are facilitating 90-day work plans with new executives, but most still leave it to the individual to conceptualize and execute.

www.mydignitas.com

A Dignitas Lifestyle Briefing Paper

5 Financial Planning Considerations. 30 Days.

Dignitas Can Help.
Dignitas is an innovative independent wealth management firm that has developed an impressive track-record in providing financial advice and family office services. Dignitas has designed a Career Transition Financial Planning Program that can help ensure a smooth career transition. To continue the conversation, please contact: Nicholas J. Delgado, CRPC, CIMA, CFP Principal | Chief Wealth Officer Dignitas [email protected] 312.651.6131 www.mydignitas.com

www.mydignitas.com

A Dignitas Lifestyle Briefing Paper

5
www.mydignitas.com

A Dignitas Lifestyle Briefing Paper

Top Five Financial Planning Considerations After a Career Transition

© © Copyright 2011 Dignitas LLC, All Rights Reserved. Copyright 2011 Dignitas LLC, All Rights Reserved. www.mydignitas.com

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