Ep. 20 – Sudden Retirement – Now What?
What should you do if you are forced to retire suddenly?
Whether you have been laid off or you received an offer with a severance package, facing sudden retirement can be a confusing and stressful time. There is a lot to think about, from severance packages to planning your finances for the future and so much more.
In this episode of our Retirement In Action series, we share some stories of how we helped clients cope and plan for sudden retirement. We also share some insights and tips to help you prepare for this next phase of your life.
In this episode find out:
- The first steps to take after finding out you need to retire suddenly
- Two stories about our clients who faced sudden retirement
- What you should do with your severance package and whether you should take it as a lump sum or spread it out over a few years
- Why and how to plan your finances for retirement
- Why you must consider your social security and health insurance when planning for sudden retirement
- Why you should seek help and assistance from a financial planner
Tweetable Quotes:
“If you get a severance package…it’s much better to separate it over a few years” – Radon Stancil
“Having a financial advisor to talk to can help you walk through things objectively” – Murs Tariq
Important Links & Mentions
- Text our hotline: 984-207-1753
Resources:
If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!
To access the course, simply visit POMWealth.net/podcast.