Ep 156: What You Need to Know About Forced Retirement
About this episode
Unfortunately, there are times people are forced into retirement before they are ready. Today we are going to go over what that may look like and common questions people ask when faced with this difficult situation.
The first thing to know is that this isn't an uncommon position to be in so don't feel like you're alone. Dealing with a forced retirement is not always straightforward, so we do our best to cover all of the bases from pension options to healthcare. Let’s dive in!
Join us on today’s episode as we break down these major topics:
- Should I accept the retirement severance package I was offered? (1:33)
- Should you take your pension as a stream of income or a lump sum? (3:37)
- How you claim your pension could affect your tax bracket. (10:00)
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