Considering Early Retirement? 5 Things to Know
Recently I received an email titled “early retirement” from a client who has been working for the same Fortune 500 company for over 40 years. He was planning to retire soon but had not put in his notice. Their offer: 14 months of pay plus health benefits for that period, which carried him to the day he became eligible for Medicare. Talk about a big win! Sadly, this is an anomaly in early retirement packages. They often come too early and with too few zeros to justify an actual retirement.
It is likely that we have seen only the tip of the iceberg when it comes to early buyouts as companies whose sales have been slashed to almost zero scramble to find ways to cut expenses. Below, you will find five necessary steps to take if you’re offered an early exit.
