Job Change Checklist 

Job Change Checklist

Helpful tips for people that have recently changed jobs. 

Health insurance

  • Determine when your former employer health insurance will expire
  • Review the Cobra benefit options
  • Apply for individual health coverage if uninsured
  • Find out when health coverage starts and supplement until covered, if starting a new job 

Insurance considerations

  • Review Life Insurance for adequate coverage
  • Review Disability Insurance
  • Review Long-Term Care Insurance
  • Review beneficiary designations on insurance policies

Financial considerations

  • Create a monthly budget to reflect changes in income
  • Review current debt obligations for rate, term, and consolidation options
  • Start direct deposit at new employer

Investment planning

  • Review liquidity needs
  • Review risk tolerance
  • Review investment goals
  • Review asset allocation

Retirement planning

  • Sign up for retirement plan if available through new employer
  • Consider rolling over any retirement plans from old employer

If relocated

  • Determine housing needs
  • Open new bank accounts
  • Consider moving investment accounts to local professional
  • Notify old employer of new address
  • Identify possible tax-deductible moving expenses by visiting www.irs.gov

Taxes

  • A change in salary may result in different tax liabilities.  Consult a tax professional. 

We're here to help!

If you have questions, give us a call at (877) 820-2265, schedule an appointment, or stop by one of our branch locations.

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This information is prepared and made available as a courtesy. Macatawa Bank does not provide legal advice; the information herein does not substitute legal or financial advice directed to your situation. We do not warrant the accuracy. It is recommended you consult with the appropriate professional for guidance and assistance.

Products offered by Macatawa Bank Wealth Management are: Not insured by the FDIC. Not a bank deposit, bank obligation, or guaranteed by the bank. Subject to investment risk, including potential principal loss.

 

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