Kimberly Foss, CFP, president of Empyrion Wealth Management, joins The Wall Street Journal’s “Watching Your Wealth” podcast with host Veronica Dagher to discuss how high net worth professionals, especially those in the C-suite, can prepare financially for a layoff. Foss recommends creating an emergency fund, having a “financial fire drill,” and “turning on the DRIP.” For those who think they will be laid off in the near future, Foss suggests looking into your exit strategy and workplace packages.

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