A worker with 55 years and more than 30 years old in the same company has participated in the Market Watch Labor Office where he explained to the experts his complicated situation. And it is in an age when you start talking about ‘Ageism’ in the labor marketwith problems finding work so being unemployed is a problem. He has written in his consultation that his bosses have proposed the early retirementwith which he would charge compensation of $ 300,000 (approximately 255,000 euros) or stay in his position.
The dilemma is, as the worker explains, who are currently taking template cuts and is afraid they fire him. The first thing experts respond, in the article That appears in the aforementioned environment is to let themselves be advised by professionals. Then, you will have to analyze whether the economic package offered by the company compensates for the option of being able to get out of work. And, in the event that in the end he says goodbye, knowing how much money corresponds to compensation since he has been working for the same company for many years.
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The proposal of its superiors is to enter 255,000 euros ($ 300,000) into two parts. A unique and initial payment of 138,000 euros, and the rest in a monthly payment with which it could Complete the retirement pension Let him stay. Of course, this case is in the United States, as noted by the media previously appointed.
On the savings he has in the bank, the employee (who has not given his name) has affirmed that he has investments of approximately 220,000 dollars (203,000 euros). This money, plus the pension and compensation could be worth it to survive the day to day if they decide to opt for early retirement.
“Look for a financial advisor who doesn’t try to sell you anything”
One of the advice that gives the worker, in this case Mark Humphries, which is CFP of an advice (Sentinel Financial Planning) is that the most sensible thing is to hire a professional “who does not try to sell anything, you can find any in the National Association of Profession of life ”.
Because, as he said Antonio Rivas (Founder of Atair) In a video when consulting what to do with money it is not to go to the bank, but to personalized attention.
Financial professionals can make a fiscal impact before the offer is accepted, create a savings plan to know how to manage the income and money that already takes into account, analyze the investment and protection strategies of compensation and carry out simulations of different retirement scenarios.
The person in charge of the Stewardship Advisor company, Mark Brinser, has warned that an error in these cases “could cost thousands of euros and there is no reversal when the acceptance of compensation is signed.”
Quotation for pension and medical coverage
One of the advantages of continuing in the job, explain the experts consulted by the employee, is that it continues to quote and maintain the right to health coverage. If you decide that the pension plan it has in the bank is not touched and to which the company contributes, it could continue to increase over the next 10 years.
But they remember that to access the funds of this plan or the pension before 59 years you have to be sure because it could lead to important tax penalties.