Lockheed Martin MST recently announced the upcoming Voluntary Layoff Program with the goal of reducing the divisional workforce by 1,500 employees. If you are considering retirement and are eligible for the Voluntary Layoff Program, it may make sense to deeply consider the options.
As with all retirement and transition decisions, there are two main components: the financial aspects and the non-financial aspects. Often, the non-financial considerations far outweigh any detailed financial analysis.
When considering a major life decision, it makes sense to first take a step back and figure out your priorities and long-term goals in life. The best way to do this from both the analytical and emotional level is to have a comprehensive financial plan in place. This living document can help frame the Voluntary Layoff Program decision as well as open the discussion for other missed financial opportunities going forward. Rockbridge is here to help facilitate the discussion and frame the key decisions for you at this critical time in your career. We are here when you are ready.
If you qualify for the Voluntary Layoff Program and are interested in applying, the following are some key dates to keep in mind:
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