Client:
This individual worked for a regional health insurance provider, located in the northwest.
The Challenge:
In 2008, Susan’s company was going through a downsizing effort, and she unexpectedly received a layoff notice. “When I got laid off, I was really stressed out about losing my 401(k) too. I figured I’d have to find someone fast to help me reinvest the money I’d put away over the years, or lose it.” Not knowing what to do, I called Employers Resource.
The Solution
Employers Resource 401(k) specialists sat down and discussed options with Susan, explaining that it was not necessary for her to make any changes whatsoever to her 401(k) account, and that she could keep her entire portfolio intact after being laid off. Due to the exceptional return historically received from her 401(k) investment options, Susan chose to keep things exactly the way they were. By ensuring that Susan’s retirement nest egg was safe and secure, Employers Resource removed a huge worry from one of our co-employees, walking her through the entire process.
The Benefit
After being laid off, Susan was able to concentrate all of her efforts in finding a new job without the stress of losing her only retirement investment as well. “What a load off my mind! It was really great having Employers Resource walk me through the process and take care of me during a very stressful time in my life.”
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