Company's are known for offering severance, buyouts, or early retirement packages in times of financial uncertainty.

1) Evaluate severance package terms and conditions.

2) Ask questions regarding unemployment and verbiage of severance to your HR department.

3) Lump sum payout vs paid as payroll - lump sum may allow for unemployment benefits.

4) Know that the HR department serves the the company and has the company's interest at heart, get outside advice!

5) You are now eligible to take your 401K, TSP, 403B and retirement savings and produce income and/or invest those monies in a way you and your financial adviser design.

Coronavirus and the Economy

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