Michael and Brady break down the first 30 days after losing your job, teaching you how to protect your cash flow, navigate health insurance changes, and make smart decisions about benefits, severance, and retirement accounts. You’ll learn what belongs in your financial “survival kit,” how to avoid emotionally driven mistakes, and how to uncover unexpected silver linings hidden inside uncertainty. Whether you’ve been laid off, feel vulnerable in a shifting economy, or simply want to build stronger preparedness, this episode gives you the mindset and tools to stay grounded, strategic, and financially fortified.
Key Timestamps:
(00:00) – Why job loss preparation matters
(03:00) – Building your financial “survival kit”
(06:00) – Emotion vs. strategy in financial decisions
(10:00) – Emergency funds and when to use them
(15:00) – Understanding insurance and benefit changes
(18:00) – COBRA, marketplace, and spousal coverage
(21:00) – The danger of relying solely on employer benefits
(27:00) – Handling stock options, vesting, and loans
(29:00) – Using SLOCs, HELOCs, and other tools
(31:00) – Roth opportunities in low-income years
Key Topics Discussed:
Financial Fortitude, Genesis Wealth Planning, Brady Hemmerle, Michael Acosta, Financial Wellness, Wealth Building, Financial Psychology, Financial Advisor, Finance Coach, Student Loan Debt, Finance Guidance for High Earners, Business Owner Finances, Hiring a Financial Advisor, Student Loan Forgiveness, Tax Strategies, Retirement Planning, Investing Strategies, Financial Guidance for High Earners, Smart Money Moves for High-Income Professionals, Tax, Wealth & Investment Strategies for Top Earners, Financial Planning for Doctors, Lawyers & Execs, Wealth Management Tips for High-Income Earners, Expert Advice on Taxes, Investing & Growing Wealth, High Earner Money Talk, Financial Wisdom for 6-Figure+ Entrepreneurs, Smart Strategies for Managing High Income, Taxes & Freedom for High-Earning Professionals, The Dave Ramsey Show, BiggerPockets Podcast, The Motley Fool Money Show, We Study Billionaires, ChooseFI, Afford Anything, Job Loss Planning, Financial Survival Kit, Managing Cash Flow During Layoffs, Health Insurance After Job Loss, Roth Conversion Opportunities
Mentions:
Website: https://www.genesiswealthplanning.com/
Michael’s LinkedIn: https://www.linkedin.com/in/michaelracosta/
Brady’s LinkedIn: https://www.linkedin.com/in/brady-hemmerle-cfp%C2%AE-75043013a/
Financial Health Checkup: https://www.livingbalancesheet.com/lbsVision/lite/michaelracosta
This podcast is for informational purposes only and is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should be relied upon only when coordinated with individual professional advice. Guest speakers and their firms are not affiliated with or endorsed by PAS, Guardian, or Genesis Wealth Planning and opinions stated are their own. Guardian, its subsidiaries, agents, and employees do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation. All investments and investment strategies contain risk and may lose value.
Michael Acosta is a Registered Representative and Financial Advisor of Park Avenue Securities LLC (PAS). OSJ: 6115 PARK SOUTH DRIVE, SUITE 200, CHARLOTTE NC, 28210, 704-5528507. Securities products and advisory services offered through PAS, member FINRA, SIPC. Financial Representative of The Guardian Life Insurance Company of America® (Guardian), New York, NY. PAS is a wholly owned subsidiary of Guardian. Genesis Wealth Planning is not an affiliate or subsidiary of PAS or Guardian. CA Insurance License # 0M50974. 7237198.24. Expiration 11-27.
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