The news of a stock broking employee shooting himself and his family is really shocking. This is the second such incident in this month itself. The incidents show us how grim the situation is.
One can imagine under what pressure the employees would have found themselves when Jet had announced retrenchment for 1300 employees, that too in the festival season. I feel there would be more and more cuts in India as well. The IT companies are currently showing out brave faces, things would get bad once they face problems in fresh orders. Leave alone fresh orders there may be instances when the payments of existing implementations also may enter the storm.
The risk is large if one has to go through a situation like this. If a person is not prepared, the implications could be adverse on the pockets. One has to be prepared and there are certain things if implemented can protect a lot.
Certified Financial PlannerCM