Job Change Checklist
by Confidence Wealth & Insurance Solutions
Confidence Wealth & Insurance Solutions 1 Comment

With the new year comes new opportunities. Are you changing jobs? If so, here’s a checklist to help you for a smooth transition!

General information Yes No N/A
1. Has relevant personal information been gathered?
• Names, ages
• Children and other dependents		 ▢ ▢ ▢
2. Has financial situation been assessed?
• Income
• Expenses
• Assets
• Liabilities		 ▢ ▢ ▢
Employee benefits Yes No N/A
1. Has a benefits package been discussed with the new employer? ▢ ▢ ▢
2. If yes, are there restrictions or a waiting period for all benefits? ▢ ▢ ▢
3. Is health insurance offered? ▢ ▢ ▢
4. Are short- and long-term disability offered? ▢ ▢ ▢
5. Is a Section 125 or flexible spending account offered? ▢ ▢ ▢
6. Is dental insurance offered? ▢ ▢ ▢
7. Is vision insurance offered? ▢ ▢ ▢
8. Is life insurance offered? ▢ ▢ ▢
9. Is a retirement plan offered? ▢ ▢ ▢
10. Is adoption assistance offered? ▢ ▢ ▢
11. Is long-term care insurance offered? ▢ ▢ ▢
12. Other insurance? ▢ ▢ ▢
13. Has vacation/time off been reviewed? ▢ ▢ ▢
Financial picture Yes No N/A
1. Has annual compensation been determined? ▢ ▢ ▢
2. If married, will spouse work outside the home? ▢ ▢ ▢
3. If there are children, will day care be necessary? ▢ ▢ ▢
4. Will living expenses be affected? ▢ ▢ ▢
Money management Yes No N/A
1. Has budget been updated to reflect changes in income and expenses?
• Housing costs
• Transportation costs
• Food, clothing, and other household expenses
• Health-care expenses
• Life and disability insurance premiums
• Child-care costs		 ▢ ▢ ▢
2. Has an emergency fund been established? ▢ ▢ ▢
Housing situation Yes No N/A
1. Is relocation an issue? ▢ ▢ ▢
2. Is there a home that needs to be sold? ▢ ▢ ▢
3. Is a home purchase planned? ▢ ▢ ▢
4. Have the advantages and disadvantages of buying a home versus renting a home been discussed? ▢ ▢ ▢
5. Have other expenses been reviewed?
• Mortgage origination fees
• Real estate agent fees
• Attorney fees
• Moving expenses
• Potential increase in real estate taxes
• Cost of living in new location		 ▢ ▢ ▢
6. Will the new employer pay all relocation expenses? ▢ ▢ ▢
Insurance planning Yes No N/A
1. Is a current health insurance plan in place? ▢ ▢ ▢
2. Has spouse's coverage been evaluated? ▢ ▢ ▢
3. Will COBRA be needed during the job transition period? ▢ ▢ ▢
4. Is an individual (non-employer-sponsored) life insurance policy in place? ▢ ▢ ▢
5. Does life insurance need to be upgraded? ▢ ▢ ▢
6. Does automobile insurance need to be purchased/upgraded? ▢ ▢ ▢
7. Does homeowners/renters insurance need to be purchased/upgraded? ▢ ▢ ▢
8. Does disability income insurance need to be purchased/upgraded? ▢ ▢ ▢
9. Does personal liability insurance need to be purchased/upgraded? ▢ ▢ ▢
10. Does long-term care insurance need to be purchased/upgraded? ▢ ▢ ▢
11. Are beneficiary designations up-to-date? ▢ ▢ ▢
Investment planning Yes No N/A
1. Has liquidity need changed? ▢ ▢ ▢
2. Has risk tolerance been determined? ▢ ▢ ▢
3. Have investment goals been considered/prioritized? ▢ ▢ ▢
4. Has size/frequency of investments been determined? ▢ ▢ ▢
5. Has current asset allocation been reviewed?
• Stocks
• Bonds
• Mutual funds
• Annuities
• Real estate
• Art/collectibles		 ▢ ▢ ▢
6. Will job change affect existing employee stock options? ▢ ▢ ▢
Retirement planning Yes No N/A
1. Is a retirement plan available?
• Employer-sponsored retirement plan
• Beneficiary designation updated		 ▢ ▢ ▢
2. If a 401(k) is offered, will the employer match employee contributions? ▢ ▢ ▢
3. Are IRAs being effectively utilized? ▢ ▢ ▢
4. Will all available plans be funded? ▢ ▢ ▢
Tax planning Yes No N/A
1. Will withholding change? ▢ ▢ ▢
2. Is the maximum tax advantage of employee benefits realized? ▢ ▢ ▢
3. Will child care be needed? ▢ ▢ ▢
4. Will there be a home office? ▢ ▢ ▢
5. Have home office deductions been discussed? ▢ ▢ ▢
6. Is there self-employment income? ▢ ▢ ▢
Important Disclosure

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