Start by understanding what the change could mean for your income, expenses, savings, benefits, and taxes. We can help you evaluate different scenarios so you can see what trade-offs may be involved and how much flexibility you have before deciding.

No single number works for everyone. The right amount depends on your expenses, expected income, how long the transition may take, and what other financial resources you have. Building some financial runway can give you more choices and reduce the pressure to decide quickly.

Compensation is only one part of the decision. Health insurance, retirement benefits, bonuses, equity compensation, paid time off, commuting costs, flexibility, and work hours can all affect the financial picture. It is also worth considering what the change means for your time, energy, and the life you want outside of work.

You may have several options, including leaving the money in your former employer's plan, moving it to a new employer's plan, or rolling it into an IRA. The right choice depends on factors such as investment options, fees, taxes, creditor protection, and your broader financial plan. You generally do not need to make this decision immediately.

Before leaving your current employer, understand when your existing coverage ends and what alternatives are available. Depending on your situation, those could include coverage through a spouse or partner, COBRA, or an individual policy. The cost and timing of coverage should be part of your career-change plan, not an afterthought.

Yes. A career decision does not have to be based solely on maximizing income. Financial planning can help you understand what a lower salary, reduced hours, or a different type of work could mean for your lifestyle and long-term plans, so you can decide which trade-offs you are comfortable making.

Moving from employee to self-employed can change your cash flow, taxes, insurance, and retirement benefits. It can help to estimate your personal and business expenses, build adequate reserves, understand tax obligations, and consider how you will replace benefits you previously received from an employer.

No. In many cases, planning is most useful while your options are still open. Understanding what your finances can support may help you evaluate different paths, identify constraints, and give yourself more room to explore before committing to a particular direction.