Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
I've recently been laid off as part of a large downsizing of an IT company. This is the first time I've been unemployed since graduating from college, and I'm still in shock.
I've never had to file unemployment before, so I'd appreciate any information you guys can give me on it. Also, does it make a tax difference when you file for unemployment and when you rollover a 401K? Should one be done before the other? How does it affect severance pay? If it makes a difference, I'd be filing in Illinois. Thanks for any help.

**Crossposted to LBYM board
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.