Severance Pay 101: 3 steps to making sure you use the money wisely
The money pay is supposed to help you out until you can get another job. "โThis is where we can cut.โ Do that as part of a severance package. โOnce you leave the company, youโre going to have an expiration date on those options,โ Rosso said. Fund your healthcare savings accountLastly, if you havenโt funded your healthcare savings account, consider using some of your severance pay to do that. He has more ideas to consider if you are risk of getting a severance package here.