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:
Other articles filed under Family Finances
February 8, 2019
Over the summer, we had a client ask if there was a place to look for existing accounts or funds they or family members may have accumulated and forgotten about over the years. That sparked Julie’s memory of the New...
January 22, 2019
This recent market downturn has many investors drawing parallels to how they felt during the infamous 2008 financial crisis. The last 11 years have been a roller-coaster ride for investors. Right after seeing market highs in late 2007, investors experienced...
January 18, 2019
2018 was a woeful year for investing. All major stock market indexes were down, bonds enjoyed a year-end rally to finish flat, and commodities such as gold and oil fell. Seeing all asset classes drop in unison is unusual and...
January 14, 2019
I’ve been watching people drive all my life. I’ve been an individual investor and an investment advisor guiding clients for more than half of my adult life. I’m a curious soul and during a recent trip from Syracuse to Atlanta,...
January 11, 2019
Stock Markets December’s market reminds us that risk is real – even after the uptick at the end of the month, a global stock portfolio is down about 15% for the quarter and 12% for the year. Technology stocks (Amazon,...