Welcome to a new week and a new theme here on the One Minute Retirement Tip! 

This week’s theme is early retirement offers - should you accept?

[Story about DM - layoff in early 60s]

Takeaway - if you’re unlucky enough to be near retirement during a downturn in the economy, your industry, or your company, you could be face with an early retirement offer. Deciding whether or not to accept the offer is not an easy decision to make - there are multiple things to consider from a financial standpoint to simply answering the question if you do accept the offer: what next? 

With many companies struggling due to the pandemic, I’ve had several clients accelerate their retirement plans or fear that their early retirement would be forced upon them as the companies they work for limp along and look for ways to cut costs.

And with payroll most often being the biggest line item cost for businesses, you may find yourself in the position of being offered an early retirement. 

So this week,  I’ll help you consider what to do if that happens to you...

That’s it for today. Thanks for listening. My name is Ashley Micciche and this is the One Minute Retirement Tip. 

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