Should You Accept Your Employer’s Early Retirement Offer?

Updated : Nov 11, 2019 in Articles

Should You Accept Your Employer’s Early Retirement Offer?


Should you accept your employer’s early retirement
offer? The right answer for you will depend on your
situation. First of all, don’t underestimate the psychological
imp act of early retirement. Ask yourself if you’re ready to retire yet. Next, look at what you’re being offered. Most early retirement offers share certain
basic features that need to be evaluated. Does the offer include a severance package? Can you live on that amount without tapping
into your retirement savings? And for how long? Does the offer include post-retirement medical
insurance? Since Medicare doesn’t start until you’re
65, make sure your employer’s coverage lasts until you reach that age. If your employer has a traditional pension
plan, how will accepting the offer affect your retirement plan benefits? Many factors need to be considered, so let
us help you sort through them. Contact us today.

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