If you have found yourself looking for a new job – maybe you’re part of the “Great Resignation” – you may be wondering what to look for in a new employer. While everyone has different needs in a job or workplace, blooom has a few ideas of what to consider in those final stages of the interview process or once a job offer is in your inbox.
Take care of your previous retirement account
When changing jobs, there are several options for what to do with your previous retirement account. You can leave it be, rollover into your new account or an IRA, or cash it out. Ultimately this decision depends on several personal factors, so review this blog for more information and reach out to one of our advisors for help.
Find out about your options for retirement savings
Of course here at blooom, we value contributing to a retirement plan. Your potential employer might offer a 401(k), IRA, or similar plan, and they might offer a company match on your contributions as well. We encourage you to take advantage of that full match and contribute up to the dollar amount or percentage the employer specifies!
Ask if they offer a HSA
Benefits might also include a Health Savings Account or HSA. These accounts have contribution limits, but they are pre-tax and can be used for medical expenses. This is another type of account we are fans of at blooom, so check out that option if it’s available! You can find out more about how HSA contributions fit into your overall financial health here.
Is there a ping pong table?
Mostly kidding, but workplace culture is definitely worth considering! Maybe you want to work from home or have a flexible schedule; maybe you prefer a quieter environment or one that buzzes with socializing. These things might not be as important to your finances as what’s listed above, but they could be important to your mental health and long-term success.
Only you can decide what factors are most important in your job search, but blooom is here to help if you feel lost on the financial side. Get started today with a free account analysis and strategy.
Published on October 4, 2021