Download the Schwab app from iTunes®Get the AppClose

  • Find a branch
  • Chat
To expand the menu panel use the down arrow key. Use Tab to navigate through submenu items.

Retirement & Planning
Questions? Get answers now. Live Chat.
 

Job Transition

Print

Job transition

Transitioning to a new job or making a career change can have an impact on your personal finances. We can help make sure your transition goes smoothly.

A Schwab Financial Consultant can help you:

  • Determine a strategy to handle ongoing expenses.

  • Reassess your long-term financial goals.

  • Understand all of your options for your old 401(k) plan.

  • Discuss how you might maximize your new employer's 401(k) plan.

  • Estimate your income tax liabilities to determine whether changes are needed to your investment strategies to minimize taxes.

Need help?

Call us at 877-302-5886 or visit your local branch.

What to do on your own:

Before leaving your old job:

  • List all monthly income and expenses to see where your budget stands.

  • Evaluate your health insurance coverage: know when your insurance will expire, and sign up for interim coverage if needed.

  • Ensure that unused vacation/sick pay and any other compensation that may be due is paid out to you.

  • Understand how long you have to exercise any vested stock options.

  • Save all documents related to your separation from your former employer; make sure your former employer has your new address (if applicable).

Once you start a new job:

  • Review your new employer's benefits package and take advantage of all that's being offered to you. Small benefits can add up to big savings.

  • If a 401(k) plan is offered, sign up as soon as you’re eligible: contribute at least enough to get the maximum employer match amount offered.

  • Request direct deposit for your paycheck.

Helpful Tools



 

Explore more

Let us help you make a smooth job transition.

Call us at 877-302-5886 or visit your local branch.

Brokerage and Insurance Products: Are Not Deposits • Are Not FDIC Insured • Are Not Insured by Any Federal Government Agency • Are Not Guaranteed by the Bank or Any Affiliate of the Bank • May Lose Value