Name:
Location: Westland, Michigan, United States

Graduate of Walsh Institute Of Accountancy (Now Walsh College) Michigan in 1959. Retired in 1987, but still active in the profession **World War II Veteran (Pacific) **PHONE 734-261-1979 **E-MAIL -cpabakem01@yahoo.com **(Domain Name CPASENSE Registered) **Mentioned in the Journal of Accountancy, SmartPros, Tax Prof Blog, CPA2BIZ, CPA Journal, AccountingWEB, CPATrendlines & More **Search Accounting Blogs: http://www.blognetnews.com/accounting (Includes cpasense)**TOPICS - FINANCE - FEDERAL & MICHIGAN TAXES ** Making Sense Of Your Finance & Taxes

Saturday, February 28, 2009

After A Layoff. Carefully Pick What To Cash Out First

Unless you got fired for driving your boss's car into a lake, there's nothing funny about losing your job. And unfortunately, 3.6 million people — more than the population of Chicago — have lost their jobs since the recession began in December 2007.

If you're suddenly unemployed, you have a number of unpleasant choices to make. Can you keep your car? Your house? If so, for how long?........

John Waggoner USA

37 Comments:

Blogger Ryan Conrad said...

Does anyone know of a good reference site for tax issues? With all the complexities of the tax code, it’s definitely helpful to have somewhere to go, if you’re not a CPA. I found one site (www.GetTaxAnswers.com) where CPA’s will answer any tax question for $30, which seems a lot cheaper than going to see them in person.

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Blogger Online Learning said...

You are right, there's nothing funny about losing your job. If you're suddenly unemployed, you have a number of unpleasant choices to make. I recommend getting together with you accountant to figure out where you stand with your finances.
Once your financial foundation is secure you should Recession-Proof Yourself!

If you do not currently hold a AA, BA, MS or MBA there are many finacial student aid programs to help you with your education. I have a friend who is currently laid off and is proud to be earning an online accounting degree from the world-renowned Florida Tech Online.

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