Most human resources departments use the easier of two formulas to calculate your severance pay and the amount of taxes to with hold. This formula is easier for them but costs you money now and AND leaves you with less to live on. Most people don’t even know about this formula and when it makes sense to request it. Yet in be the difference of thousands of dollars of severance pay you need now to survive! We’ll show you what it is and what it means to you!
The Human Resource Manager does not work for you. They work for and are paid by the Employer – Your Past Employer.
You want to make sure you have the best payout option so you can maximize your dollars now, when you need it most. If you’re in shock, surprised or confused about your next step that’s understandable. Usually you’re asked to make quick decisions even though your soon to be past employer has been planning this for quite some time.
Your 401k, Profit Sharing, Cash Balance Pension, ESOP (Employee Stock Ownership Plan) or other corporate retirement plan is controlled by a corporate trustee!
They, not you, control what happens in and to the plan.
Over 20 years of experience we have seen even large corporate retirement plans frozen, delayed and even had “corporate moratoriums on plan disbursements” which bordered on criminal behavior even with large Fortune 500 companies.
Meanwhile, the plan participant or former employee had no knowledge of what to do. They had absolutely no leverage of what needs to happen.
We can help you implement strategies which can mean the difference between a crushing failure and major financial success.
Even though the national employment trend is the best in decades people are still being laid off in droves due to changes in technology, corporate missteps and changes in business direction that you got caught in.
It wasn’t likely your fault! But telling a spouse, your children, your family that you don’t have a job any longer is extremely agonizing!
We started helping people in 2006, right before the gigantic financial crises make moves to improve their situation. Throughout 2008 all the way to 2017 we’ve helped thousands of people make better financial moves during a career transition – all the way to and through Retirement.
This is an incredibly important guide for making the best move now – as well as in 6 months and in the years ahead so you can be financially free ASAP!