Were you offered an early retirement package? When companies are trying to cut costs, they often urge senior employees to leave voluntarily.
There may be a lot of bells and whistles in the retirement offer that make it tempting to take. The question is, if you’re presented with one, does it make sense to accept?
Employer’s Motivations for Retirement Offer
Start with your company’s motivation. Is the company in financial trouble? Or do they want to hire someone at a lower salary than you?
Anne Johnson
Author
Anne Johnson was a commercial property and casualty insurance agent for nine years. She was also licensed in health and life insurance. She went on to own an advertising agency, where she worked with businesses. She has been writing about personal finance for 10 years.
