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390-How (and Why) to Engineer Your Layoff! Interview with Sam, the Financial Samurai

Radical Personal Finance

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The Importance of Unemployment Benefits

You can get severance, war and act pay, cobra, and health care paid by the company. You're not generally going to be paying tax on the cost of those premiums. If you have deferred cash or stock compensation, that gets lost 100% if you quit. But if you get laid off, it's a thing about as an act of kindness from the company where they let your invested stock and cash vest over the schedule that if you were still employed with them.

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