2 • 935 Ratings
🗓️ 30 August 2022
⏱️ 5 minutes
🧾️ Download transcript
Changing jobs in your 40s and 50s can present certain financial complications that can be worth big money depending on your situation. Edelman Financial Engines wealth planner Jason Cowans discusses with Jean and Soledad what makes taking a new job a good or bad decision financially in the long term and what you should know before accepting a new position.
Neither Financial Engines Advisors L.L.C. nor its affiliates offer tax or legal advice. Interested parties are strongly encouraged to seek advice from qualified tax and/or legal experts regarding the best options for your particular circumstances.
See omnystudio.com/listener for privacy information.
Click on a timestamp to play from that location
0:00.0 | This is Edelman Financial Engines Everyday Wealth, |
0:06.6 | This is Edelman Financial Engine's everyday wealth |
0:10.1 | with award-winning journalist Soledad O'Brien, |
0:12.8 | personal finance expert Jean Chatsky, |
0:15.2 | and Edelman Financial Engine's wealth planner, |
0:17.6 | Jason Cowans. |
0:18.8 | So Jason, let's just say, |
0:22.0 | let's say I'm your client, right? |
0:23.7 | And let's say, I'll shave a good 10 years off my age. |
0:27.8 | Let's say, I'm 48 and I've been working at a company for 15 years, but I just got offered this amazing job across the street. |
0:40.4 | I was heavily recruited. |
0:42.2 | I have negotiated hard because I've been taught well I haven't |
0:45.8 | accepted quite yet because I've got a lot of equity with my current company it's |
0:51.0 | some of it's vested some of it's vested, some of it's not. What do I need to consider if I'm trying |
0:56.8 | to decide if taking this new, better paying job is actually a money loser or a money winner in the long run. |
1:07.0 | The first thing I want you to do is really think about is the grass truly greener on the other side. |
1:11.5 | More money isn't always the end goal for everyone. So let's |
1:14.2 | really go through what the new compensation package looks like because on the |
1:17.4 | front end it may be more dollars in your pocket. But I had a client where |
1:21.2 | they left and they had 90 days exactly to get rid and sell |
1:26.9 | of all their vested shares and they lost all of their unvested. |
1:31.5 | They didn't know that going in because they wanted to be hush hush but. |
... |
Transcript will be available on the free plan in -925 days. Upgrade to see the full transcript now.
Disclaimer: The podcast and artwork embedded on this page are from Jean Chatzky, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Jean Chatzky and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.