Video: September 2026 Economic and Market Outlook
Things have been…interesting…at Twitter since it was purchased by Elon Musk in October of 2022. One significant reason for this is the layoff of at least 60% of its staff. If you are one of the approximately 1,300 employees still working with Twitter, recent months have likely been destabilizing. Whether you’ve survived layoffs or were laid off, it’s safe to assume you’ve lost sleep wondering what’s next.
Our Five-Step Framework
At Cerity Partners, experience has taught us that a financial plan can provide a framework for managing diverse situations, whether you’re strategizing how to make it through a temporary rough patch or planning for a life-changing windfall. Here are the steps we recommend to balance competing priorities and make informed decisions now and going forward.
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1
Take stock
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- How much did you receive? How will it be paid?
- What is the estimated tax liability? What can you do to minimize it prudently?
- Where will you put the money until you have a plan?
- What are your short- and long-term financial needs and goals?
- Do you have a trusted team of advisors who can help you manage your finances?
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2
Make an investment plan
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- How much should you set aside for living expenses, taxes, and other shorter-term goals?
- What type of investment return do you need to accomplish your longer-term goals?
- What level of volatility are you comfortable with when investing?
- How can you restructure your portfolio (asset allocation and location) to maximize after-tax returns?
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3
Write an insurance checklist
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- Do you have a personal umbrella liability insurance policy?
- Do you have the right type and amount of coverage (homeowners, disability, long-term care)?
- Should you increase deductibles?
- Will you need a personal articles policy for items like jewelry and art?
- Should you consider using life insurance to cover your estate taxes?
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4
Consider your estate-planning priorities
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- Are there any new or unique assets that need to be addressed from an estate-planning perspective?
- Do your estate planning documents accurately reflect your wishes?
- Should you consider setting up a trust?
- Who will manage your finances and make health care decisions if you’re unable to do so?
- What, if any, strategies should be used to minimize future estate taxes?
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5
Think about philanthropic planning
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- Do you want to pay for a loved one’s education? If so, how (and how much) will you pay?
- How will you handle requests from loved ones to borrow money?
- How much of your new wealth do you want to allocate to charitable gifting?
- What strategies make the most sense for your charitable gifts?
We’ll Get Through This Together
The uncertainty and stress of the recent Twitter experience have left many employees grappling with difficult questions about their future employment options and financial stability.
By taking proactive steps to plan for new opportunities and navigate the shifting landscape of the tech industry, you can position yourself for success and emerge stronger from this experience. So, what’s your plan? The experts at Cerity Partners are here to help you consider your options and take the necessary steps to achieve your goals. Don’t let uncertainty hold you back – take action today and start building a brighter future for yourself.
Meet Myles VanderWeele
Myles is a Partner based in the San Francisco office. He provides investment and financial planning advice to help clients achieve their short- and...Read more
Meet Myles
Meet Dustin Ribergaard
Dustin is a Principal based in the San Francisco office. As a Client Experience Director, he is a liaison between prospective clients and the...Read more
Meet Dustin
Cerity Partners is not contracted with, endorsed by or affiliated with Twitter, Inc.
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