Bob, age 47, has worked for XYZ Company the past 12 years. XYZ Company has lost a

Question:

Bob, age 47, has worked for XYZ Company the past 12 years. XYZ Company has lost a major contract and must begin downsizing immediately. Bob was laid off yesterday. What should Bob do first?

a. File for unemployment benefits.

b. Roll over his company 401(k) plan.

c. Convert disability coverage under COBRA provisions.

d. Notify the bank holding the mortgage on his house.

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Personal Financial Planning

ISBN: 978-1259277184

2nd edition

Authors: Lewis J. Altfest

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Question Posted: May 05, 2017 10:24 AM

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Bob, age 47, has worked for XYZ Company the past 12 years. XYZ Company has lost a

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a File for unemployment benefits In this question the CFP Board is looking for th...View the full answer

Personal Financial Planning

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