Financially Preparing for Change in Job Status
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prepare for life's events: changing/losing a job
Changing jobs, even when it's your choice, can be unsettling. Losing a job can be devastating. Regardless of the details, you probably have some doubts about the future. Can you survive financially, and for how long? What do you do with funds from your previous employer’s retirement plan?

Evaluate all of the resources that are available to you. Do you have the necessary insurance coverage to protect yourself and your family? Although it may not be easy, think beyond the short term. Your new situation may impact your long-term investment strategies.1 Adjustments to your retirement plans or your children’s college savings plans may be required.
1 Securities offered through Registered Representatives of MML Investors Services, Inc.
changing/losing a job
Select from the solutions on the left to learn how the MassMutual Financial Group companies can help you take stock of your new circumstances.
What do you intend to do with your retirement plan assets at this time? You may want to consider rolling the assets in your qualified plan into an annuity-funded IRA. While funding your IRA with an annuity offers no additional tax-advantage, there are unique annuity features to consider. These include multiple investment choices, living benefits, death benefits, and the ability to create a stream of income you can't outlive.1
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Whether you're finally pursuing your real interests or coming back to the work force after some time off, MassMutual's disability income insurance coverage offers the convenience of portability. No matter where you go or what changes in your life, your policy remains the same and stays with you even when you change jobs.
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Starting a new job may mean re-examining your insurance needs. If you're concerned about income replacement, a pay raise will mean you need more life insurance. Or maybe you've lost group life insurance coverage from your previous job and you need to replace that employee benefit with individual life insurance. If you find yourself unemployed in the future, owning individual life insurance can provide continued protection.
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Although you may experience unexpected career developments, your financial goals should remain steady. Mutual funds offer you the benefits of professional management and asset diversification that may help you reach your long-term financial goals.
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1 Guaranteed death benefits, living benefits and payment of lifetime income are contingent upon the claims-paying ability of the issuing company or companies.

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Guide to Investing
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Insuring the Future
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COBRA: Continuing Health Care Coverage
Ten Ways to Stretch Your Money
prepare for life's events
changing/losing a job
retiring comfortably
buying a home
getting married
starting a business
saving for education
getting divorced
raising a family
managing an unexpected windfall
establishing an estate plan
having an illness/accident
losing a loved one
providing elder care
becoming a grandparent
caring for special needs
becoming empty nesters
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