The first days after a job ends feel like everything is urgent. Most of it isn't — here's the short list that actually is.
Do these now
Three things that can't wait.
File for unemployment
It's free, and benefits generally run from when you file — not your last day. Don't wait for the severance paperwork.
Don't sign the agreement yet
You're usually given time — often 21 days if you're 40 or older, by law. Read it, or have someone read it, before you release any claims.
Save everything
Offer letter, separation agreement, last pay stubs, benefits summaries, emails about the decision. Forward what you need before your access is cut.
The clock that matters
to elect COBRA — and it's retroactive, so you can wait and only pay if you need it.
to consider a severance agreement, if you're 40 or older (federal law).
to revoke after you've signed — a window that's yours to use.
Sooner or later
This week
Coverage & cash
Price a marketplace plan against COBRA — losing job coverage opens a special enrolment window. Then map your runway: cash on hand plus severance plus unemployment, against your real monthly spend.
Worth the first week
Can wait
Rollover & résumé
Your 401(k) rollover has no urgent deadline — a few weeks where it is, is fine. Updating your résumé and LinkedIn matters, but not before you've filed and read the agreement.
Weeks, not hours
The order to do it in
File first. Read second. Sign last.
Take a breath. The consequential decisions here have days or weeks attached to them, not hours — so protect the free, time-sensitive things first, and give the rest room.
Map your runway →Common questions
What should I do first after being laid off?
File for unemployment (it is free and benefits run from when you file), save every document, and do not sign the severance agreement until you have read the release of claims.
How long do I have to sign a severance agreement?
It varies, but if you are 40 or older, federal law (the OWBPA) gives you at least 21 days to consider it and 7 days to revoke after signing.
Run your severance, take-home by state, and runway in about two minutes.
NextClara gives educational estimates only — not legal, tax or financial advice. Check anything consequential with the official source or a licensed professional.