What to Consider Before Accepting an Early Retirement Offer

Right now, at this very moment, a growing number of employers are offering some of their more tenured workers large, lump sum payments to turn in their key cards and credentials and retire early.

Especially for those who work in fields like tech, or maybe finance, where companies are currently trying to reduce headcount as a way to show Wall Street they mean business when it comes to controlling costs and exercising some fiscal discipline.

In this episode of Malcolm on Money Office Hours, Malcolm lays out the key things to consider when reviewing an early retirement offer from your employer, as well as how to know whether you are actually ready to accept it.

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Malcolm Ethridge, CFP® is an Executive Vice President and fiduciary Financial Advisor with CIC Wealth Management, based in the Washington, DC area. He is also the Managing Partner of Capital Area Tax Consultants. 

Malcolm’s areas of expertise include retirement planning, investment portfolio development, tax planning, insurance, equity compensation and other executive benefits. 

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Disclosures:

CIC Wealth, LLC does not provide legal or tax advice. Be sure to consult with your tax and legal advisors before taking any action that could have tax consequences.

Investments in securities and insurance products are:

NOT FDIC-INSURED | NOT BANK-GUARANTEED | MAY LOSE VALUE