Properly Planning for a Layoff

 

Recent reports of potential layoffs at Ford and other companies looking to downsize in order to maximize profits raises a lot of questions for employees on how to best handle the financial challenges.

 

Mike Hohf, a certified financial planner and adviser with Advance Capital Management in Southfield, stopped by the Fox2News Studios Saturday morning to discuss how to weigh the options when a layoff is looming, and why getting the planning process started now is so important.

 

Watch the video above and click here for more information about Advance Capital Management.

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