<prompt> Human: Hey PF! So I am very likely to be laid off and I was wondering if I could get some general advice. Any pitfalls I should look out for? How long do I have to roll my retirement plan over to a new job? Ive never went through this before so any tips or advice would be greatly appreciated. I also posted this to LegalAdvice but they recommended I post it here. Edit: wow thank you so much for the kind words, tips, and encouragement!! Im still unsure if I am going to be laid off but I would put it at a 90 chance. We were only told 50 of the firm will be let go and specifically the portion that I support will definitely be gone. The severance seems pretty good 3 weeks per year which puts met at 18 weeks but the bonuses we were promised are not available to those who are laid off. My dilemma is whether or not wait it out for the severance or find a new role ASAP. The other factor is when my disposition date is, could be as early as 331 or as late as 930 but likely 630. Also the WSJ broke the news today so you can read more there lol.  <response>: Well, first...bummer. I am sorry for you.You have to apply online for unemployment insurance. You then have to go to your nearest Career Source location and sign up. You have to take a basic class and at least one other class to keep getting UI benefits. If you get severance, you have to show the UI people the agreement so they can decide if it allows you to get UI at all or if it is delayed...usually you will be okay. If you have issues, it is usually better to go to the Career Source location on a day the UI representative is there rather than waiting two hours on the phone to be told you are doing something wrong.The retirement account: If this is closely linked to your employment, then ask your HR this question. If it is separate, there is no need to change 401k...like, ever, if you dont want to. Eventually, you will want to consolidate just so you dont have different accounts for every frigging employer you have had in a lifetime of work.Get active with job hunting. Networking is the best way to find a new job, so get the emails of all relevant coworkers before your email gets shut down. Update LinkedIn...also change you setting to Looking for New Opportunities. This will get you a few recruiters sniffing your way. Ask recruiters who they represent and how they get paid. Instruct them to never apply you to a job without your permission first. Start reaching out to former coworkers who are now at other places. Ask them to introduce you to THEIR network of friends. Make new business cards with your personal contact info...that current phone number and email are about to not work! Ask friends or professionals to help update your resume. 