Would you take a job buy out?
Recently GM offered some employees a $140,000 package to leave their employ. What would you do with such an offer?
This does make one consider options that you may never have dreamt of or seen before. You work with a well known company. You hear that it needs to cut jobs for its own survival. The opportunity to have $140,000 but no job, does this conjure up lots of questions or dreams?
This offer is for those UAW employees that have 10 years of experience, not just for those employees near retirement. The company is offering this so that it does not have to shut down. There is risk if you stay with this company on having no job as well as there may be health and retirement benefits lost while the company continues to take actions to make a profit. Then again, if there is a revamping, the company may thrive.
Some of the employees have the ability to continue working at other companies and have this nest egg of $140,00. This tidy sum of money may also make it possible for someone to start their own business. Others may return to school for training in something that has interested them all their lives. Still there may be some employees that are ready to retire. The scenarios seem endless and they are.
This may sound very appealing, but you must also look at the economy of today. How far will $140,000 stretch if you are retired and this money is all you have for your retirement?
Money is something that all of us want as it does monitor our lifestyle. Not all of us will have to make a decision regarding early retirement deals. However, some of us do have money situations that we need to resolve. Looking for extra money on an immediate basis? Do a free money search. Nine out of ten Americans are owed money. The average amount is $900.00. There are some that found wealth and some that found only $25.00. Find what is yours and claim it. You could be the one that hits the jackpot.
