Retirement Pension Rollovers

With today’s economic uncertainty, many companies are closing or downsizing. If you are offered a severance or early retirement package you need to carefully evaluate the tax and financial planning implications of your options.

A good rule of thumb is not to sign a severance agreement until you’ve had ample time to think it over and do some research. It’s important to understand how this will impact your personal circumstances. .
There are several aspects of a severance package that need to be considered such as:

1. Cash payment
2. Retiring allowance rollovers
3. Pension options
4. Group benefit options
5. Tax implications

A frank discussion with one of our executive Planners can help you make informed decisions based on the particulars of your personal circumstances.

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