Dennis O'Keefe’s Post

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30+ Years Helping Verizon and other Telecom Employees with Retirement Planning 📱 Buyout Offers 📱 Career Changes 📈 Wealth Management Services 🎙️Host of Your Telecom Retirement

IMPORTANT UPDATE #Verizon has released details surrounding their latest Voluntary Service Program (VSP). This is a BIG package! It is easy to focus on the amount of money Verizon is throwing at you to leave. It's about fifteen months of salary when it is all added up. That can be very attractive. It could pay off some debt. Or cover college costs. Or it could be the down payment on a vacation home. Your bigger question should be: Do I have enough other resources to retire or separate comfortably? This means different things based on your age. A good rule of thumb - and I hate rules of thumb - compares your retirement savings to your income. For instance, if you are 45 and have at least 5x your income saved for retirement, you are ahead of most Americans - even most successful Americans. If you are 55 and have more than 10x your income, you are likely on track for a successful retirement. And if you're 65 and have at least 15x, you might be lighting your cigars with $100 bills. But that's just a rule of thumb. I've seen people with massive portfolios who cannot retire. And I've seen people with a fraction of this type of savings that can successfully retire because of quirks within their own situation. What this means is you will need to run the calculation yourself - or have a professional do it for you. You need to account for all the variables now and in the future. Check out this 3 min bulletin for more information - https://lnkd.in/ecE9NEYb

Understanding the Verizon Voluntary Service Program

https://www.youtube.com/

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