Earlier this year, a client of certified financial planner Rose Swanger received a sizable bonus from his employer. Two months later, he was laid off.
"He didn't see it coming," said Swanger, owner of Advice Finance. "He was blindsided by the decision from upper management."
Moreover, the client and his wife—who already had switched from full-time to part-time work to spend more time with their newborn baby—were financially unprepared to deal with the shock.