Most Helpful Opinions
If you are getting monthly pension or severance package, it's okay to accept
If you can still work somewhere else, it's alright then as well
One should always have a second income these days... You were earning 75k. so means you have specific skillset and you can work somewhere else as well with higher packages0
it seems like a very good thing, you have 20 years for a whole other career. talk to a financial planner to make sure you're being offered a good deal. make sure it's a fiduciary financial planner, not a fee-based planner1
@kacey811980 its a great deal plus we get to spend so much more time together. I want you to be happy. go for it baby girl 💖15
What Girls & Guys Said
Consider it a huge bonus and find another job.11
It depends on what you want to do with your life. If you get a good pension and hate the job then you should retire. You could do something else that interests you.2
You must have been there for a long time. Yeah it can be a good thing but can you really retire on the package that they're offering?9
I don't know I'm too young to know anything about retirement but maybe it's a good thing but I don't know how it all works tho0
Depends on how much they offered. You will be taxed to death on a lump sum. Inflation is going hyper.3
If it's something you can afford, go for it14
It's a great deal. I would go for it.11
It depends of the terms of the retirement package.1
That's a sweet deal, I say go for it. Take some time off and then find another job that could interests you.0
Take the money, then work elsewhere.10
good in what sense?12
Depends. What kind of work do you do?2
No, it's not16
I took an early retirement offer back in 2013 at age 53 and it was the best decision I ever made.
Keep in mind that my retirement plans were to leave work at age 55, so by exiting early I only took a 5% hit on my pension, which my employer partially made up with a lump sum of (taxable) cash. My health insurance is covered until I go on Medicare at age 65. Due to my being born in 1960 I am not eligible for full Social Security benefits until age 67, although I can take SS this year with a hit to my benefits. I'm on the fence on this one.
Keep in mind that there is one thing in life that you cannot buy... time. I used my early retirement years to travel around the world. Until COVID screwed up the planet I was going on two or three major vacations each year. I plan to pick up where I left off next year.
Good luck in whatever you decide to do.
@MTC29 well im pretty sure im taking it got to talk to my fiance Shae first and see what she says first. I they will cover my 85 percent of my salary 75000 dollars a year plus will cover full health insurance until im 67 years old its a great deal I think
I'm not a financial planner, but my advice is to focus on the health insurance, which is going to be your biggest retirement expense. If you and Shae marry and you can be covered on her health insurance, then you are home free until reaching age 65 and going on Medicare. At age 41 you are still a young woman- at least to an old guy like me. You could take on a parttime job or do contract work... or travel and sit around and be lazy like me.
One last piece of advice. (Okay, Boomer) when I was age 41 it seemed like it took me three lifetimes to reach 40. At age 61, those 20 years all happened in what seems like a blink of an eye. Trust me, time will begin moving faster for you now.