Losing Your Job: How to Find Clarity and Confidence in a Difficult Transition

Wondering what to do with your severance? We help you slow down, understand your options, and move forward with a plan.

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Droz Wealth Management Group

Losing a job can feel overwhelming — financially, emotionally, and personally. You may be wondering: “How long can I afford to be off work?” or “What should I do with my severance package?” This is where thoughtful financial planning can bring clarity during a stressful transition.

First, we help you slow down, understand your severance package, review your cash flow, and create a plan before making any major decisions.

That may include:

  • Looking at whether your severance should be taken as a lump sum or salary continuance
  • Reviewing tax planning opportunities
  • Understanding what happens to your group benefits, and carefully assessing pension options before anything irreversible is done

Second, we build out different financial plan scenarios — returning to work, consulting, semi-retirement, or even full retirement — so you can see what is possible. We also review your investment strategy to ensure your portfolio reflects your needs, not the emotions of the moment.

Ready to take the next step?

I’ve helped clients move through unexpected job loss with structure, calm, and confidence. In many cases, what first feels like a setback becomes an opportunity to reassess what they truly want next. If you’ve received a severance package or are navigating a career transition, let’s create a plan that gives you clarity, stability, and confidence for the road ahead. Book your no-obligation consultation today.


RBC Dominion Securities Inc.* and Royal Bank of Canada are separate corporate entities which are affiliated. *Member-Canadian Investor Protection Fund. RBC Dominion Securities Inc. is a member company of RBC Wealth Management, a business segment of Royal Bank of Canada. © / ™ Trademark(s) of Royal Bank of Canada. Used under license. © 2026 RBC Dominion Securities Inc. All rights reserved. This information is not intended as nor does it constitute tax or legal advice. Readers should consult their own lawyer, accountant or other professional advisor when planning to implement a strategy.