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Received Financial Windfall. Would You Consider Early Retirement?
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<blockquote data-quote="beentheredonethat" data-source="post: 841409" data-attributes="member: 4886"><p>Steeltoe beat me to it. I believe he is right. Get all the information about your status with your pension, and your medical coverage. Talk with a financial advisor and have him run through various scenarios. What happens if a few years into retirement your union pension is reduced? What if the copay for insurance jumps sky high? What happens if inflation jumps to 10% (or higher). Will you be able to stay retired and live comfortably in all the scenarios? Will you be OK if under some scenarios you need to go back to work? The decision is yours.</p></blockquote><p></p>
[QUOTE="beentheredonethat, post: 841409, member: 4886"] Steeltoe beat me to it. I believe he is right. Get all the information about your status with your pension, and your medical coverage. Talk with a financial advisor and have him run through various scenarios. What happens if a few years into retirement your union pension is reduced? What if the copay for insurance jumps sky high? What happens if inflation jumps to 10% (or higher). Will you be able to stay retired and live comfortably in all the scenarios? Will you be OK if under some scenarios you need to go back to work? The decision is yours. [/QUOTE]
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Received Financial Windfall. Would You Consider Early Retirement?
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