• Introduction to Money – The Tub Metaphor for Enough

• Awareness of actual income need
• Carefully track spending
• Review current spending
• Identify new expenses – COBRA, business expenses
• Identify the core requirements
• Estimate minimum required spending
• Use a Spending Plan to manage change

• Reacting to an Adjustment in Income
• Stay in reality
• Make the necessary spending adjustments
• Avoid increasing debt, even if you think it’s temporary
• Don’t kid yourself – delaying is not reducing

• Options
• Severance Package
• Early Retirement Program
• Unemployment – it’s taxable
• Family gifts – not taxable
• Lines of credit - pre-arranged
• Temporary work
• Consulting
• Social Security – when and how much?

• Emotional Preparation
• Readiness for "survival actions"
• Acknowledge the resources you actually have
• Focus on the opportunities for positive lifestyle changes
• Involve the whole family, talk about it
• Life is not "the same as usual", acknowledge the feelings
• Have a vision of "How Much is Enough"

• Assets
• Liquidate or leverage, controlling the timing of taxable income
• Retirement Investments
• Non-Retirement Investments
• Real Estate
• Personal Property
• Vehicles

How to Sponsor a Looking for the Opportunities in Transition Workshop in your area.