NDSU Extension Service - Ramsey County


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Early Retirement: Thinking over an offer

Early Retirement: Thinking over an offer


          Most workers look forward to the day of retirement, but we always assume that WE will decide when that day will come.  Sometimes, however, it's the employer who offers the suggestion that now would be a good time for retirement. 

          An early retirement incentive offer may be optional; in that case, you need to carefully consider whether to accept.   A decision about whether to accept the early retirement offer is generally a very complex one.   

          Before making a decision about accepting an early retirement incentive offer, make sure to:

-        - Read all materials provided

          - Evaluate your options critically.

          - What were your retirement goals before this offer came along?

          -  Is this offer compatible with those plans?  

          Additional concerns you might want to consider are:

          - Is the offer really optional?  If you decline, what would your future with the employer be like?

          - What other employment options are available to you?

          - Will you have access to group health insurance? Who will pay the premium?

          - Do the intangible benefits of early retirement outweigh the financial costs?

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