Episode 106: Contingency Planning: Unexpectedly In Between Jobs

This week's episode of Our 2 Cents covers an interesting topic impacting many Americans over recent years. What to do if you find yourself unexpectedly without a job? Whether layoffs hit your department, or you just decided you've had enough at your current job, we're discussing the challenges and opportunities that exist when you're in between work. Then, we're spending some time diving in-depth into three great listener questions. Click below to listen in now!What To Do When You're In Between Jobs:Do you tap into your retirement savings for extra money while income is slowed or stopped?Should you find a new job or start your own business?How could retiring earlier than expected impact your financial plan?Listener Questions:"I have a weird situation. I have been funding my IRAs and 401ks over the years and have close to $2 million in those accounts. But now I need cash for a home repair I wasn't expecting and only have around $5,000 in the bank. Should I take the money from my IRA and pay the penalty on it?" - Jake "I think we are at the bottom of the market and will finish way up for the year. Time to load up on stocks. Do you agree?" - Mark"I'm 61 years old and have never had a financial advisor. I have made it this far on my own, so I am probably fine without an advisor, right?" - Caroline