Retirement Pension Rollovers

In today’s ever-changing economic landscape, many companies face closures or downsizing, presenting employees with severance or early retirement packages. When presented with these options, it becomes crucial to carefully assess the tax and financial planning implications.

At C. I. Financial, we believe in the power of informed decision-making. Our guiding principle is simple: refrain from signing a severance agreement until you have taken ample time to reflect, conduct thorough research, and comprehend how each option will impact your personal circumstances.

Key Aspects to Consider:

  1. Cash Payment: Evaluating the financial implications and potential tax consequences of a lump-sum severance payment.
  2. Retiring Allowance Rollovers: Understanding the options available for rolling over retiring allowances to optimize your financial future.
  3. Pension Options: Assessing the pension choices provided and determining the best course of action based on your individual needs and retirement goals.
  4. Group Benefit Options: Exploring the available group benefit options and their suitability for your ongoing healthcare and insurance needs.
  5. Tax Implications: Gaining clarity on the tax implications associated with each aspect of your severance package to ensure you maximize your financial outcomes.

Enlightened Decision-Making: Engaging in an open and transparent discussion with one of our experienced executive planners can empower you to make well-informed decisions tailored to your unique circumstances. Our team is dedicated to providing personalized guidance, taking into account the intricacies of your situation and delivering comprehensive financial planning strategies.

Don’t let uncertainty cloud your future. Take charge of your financial choices today. Contact us to schedule a meeting and gain the clarity and confidence needed to navigate your severance package effectively.

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