How to Prepare for Your New Job

You may be changing jobs, starting a new career or re-entering the work force. These tips may help you prepare for the change.

Difficulty: Moderate

Instructions

1. Step One:
   
   Review benefits and understand the coverage offered and eligibility for health and disability insurance. If you currently have cobra or some type of private medical coverage, make sure that you cancel to avoid overlapping coverage.

2. Step Two:
   
   Look over your finances. Update your goals. Create a budget. Participate in your employer retirement plan. Remember some employees match your contribution to a certain level.
   Get paperwork together from your previous employer's retirement plan, and consider options. You may want to roll it into an IRA. ( you can discuss this with your accountant).

3. Step Three:
   You may want to discuss with your accountant any tax bracket changes, relocation or job hunting expenses. Any capital gains from homes sold. Severance and unused vacation pay, unemployment compensation etc. These can made a big difference & letting your accountant know will make next year's filing alot easier for both of you.

[poetryman69]

on 5/18/2009 definitely some things to consider on a new job.

[guitarman054]

on 5/13/2009 Yes any time looking for a job you have to find out, WHATS IN IT FOR ME!!! Maybe its not me me me but if you do not take note on these things you could really mess your self up and have no bennies. great article..

[texasparky]

on 5/12/2009 Excellent! Benefits are often overlooked when preparing for a new job. They shouldn't be since they are part of the pay to begin with...slcsuzy is da (career) bomb!