By Taxation Solutions on 2012-12-05
With today's economy, long term employment is no longer a guarantee. While retirement is something that all hard working individuals long for, being unemployed puts impediments in that retirement lake where we all want to fish in.
One thing you should do is prepare an "emergency fund". An emergency fund, also called a "rainy day fund", puts a buffer between your normal finances and your special funds. Have an account that is completely separate from your savings account.
Secondly, keep your resume up to date. Even though you have a job, there is nothing wrong with having your resume updated and ready just in case. Add your current job and keep that resume ready to go. There is no crystal ball to the duration of employment or unemployment. So be ready!