{"id":3862,"date":"2021-08-16T08:00:43","date_gmt":"2021-08-16T06:00:43","guid":{"rendered":"http:\/\/contattoblogs.timslatter.co.za\/?p=3862"},"modified":"2021-08-16T08:00:43","modified_gmt":"2021-08-16T06:00:43","slug":"have-you-been-offered-early-retirement-part-1","status":"publish","type":"post","link":"https:\/\/zcp.co.za\/main\/have-you-been-offered-early-retirement-part-1\/","title":{"rendered":"Have you been offered early retirement? (Part 1)"},"content":{"rendered":"

For many years we\u2019ve been having better conversations about retirement. It\u2019s no longer a matter of finding a job, staying in it for 40 years, and then retiring for fifteen years under the assumption that the company pension scheme will finance that entire period for us.\u00a0<\/span><\/p>\n

It simply doesn\u2019t work that way anymore.<\/span><\/p>\n

Finding a job can take considerably longer; the chances of us staying in one position for more than ten years, saving early (and long) enough and the span of our retirement years have all changed and created new challenges for how we plan our lives and our money.<\/span><\/p>\n

In a recent article by Dinash Pillay, National Business Development Manager at Glacier, he also highlighted the impact of global lockdowns that have forced thousands of businesses to close or downscale. This has led to an increase in employees, who are a few years away from retirement, being offered early retirement without the usual penalties for cashing in prematurely.<\/span><\/p>\n

As the article says, this may be an attractive option if you are an employee in your mid-50s.\u00a0<\/span><\/p>\n

However, before you grab the opportunity, make sure you have a robust plan in place. In this blog, we look at the first part of Pillay\u2019s commentary; the next blog post will have a handy to-do list to help with the decision-making process around early retirement.<\/span><\/p>\n

Retirement needs a plan.<\/b><\/p>\n

Most people don\u2019t think about their retirement before they are already in it.\u00a0 Planning is of paramount importance, and financial planning is central to the big decision that you\u2019re facing.\u00a0<\/span><\/p>\n

Here are some questions to answer long before you exit your workplace for good:<\/span><\/p>\n