In this episode, Monika discusses the financial steps to take after an unexpected job loss. She provides practical advice on negotiating severance packages, extending medical benefits, consolidating finances, and cutting discretionary expenses. Monika also emphasises the importance of having a financial plan ready, highlights resources for unemployment support, and offers tips to stay mentally resilient while seeking new employment. Tune in to learn how to navigate the financial challenges of job loss and prepare for a more secure future.

Monika also helps you navigate through building an early retirement corpus for short service retirees in the air force, how to include your partner in financial planning, and the right time to surrender your ULIPs. 

Chapters:

(00:31 - 04:33) Coping with Layoffs

(04:44 - 08:42) Building Retirement Corpus as an Air Force Pilot

(08:45 - 11:47) Including Your Partner in Financial Planning

(11:49 - 14:02) When To Surrender Your ULIPs

If you have financial questions that you’d like answers for, please email us at [email protected] 

Some government unemployment benefit schemes

https://www.esic.gov.in/information-benefits

Monika’s book on basic money management

https://www.monikahalan.com/lets-talk-money-english/

Monika’s book on mutual funds

https://www.monikahalan.com/lets-talk-mutual-funds/

Calculators

https://investor.sebi.gov.in/calculators/index.html

You can find Monika on her social media @monikahalan. 

Twitter @MonikaHalan

Instagram @MonikaHalan

Facebook @MonikaHalan

This is a Maed In India Production; check us out at www.maedinindia.in

Creative Director: Mae Mariyam Thomas

Project Manager: Shaun Fanthome

Head of Audio: Kartik Kulkarni

Producer: Meghna Gulati 

Sound Editor: Lakshman Parsuram

Artwork: Alika Gupta