Voluntary
Early Retirement where the individual has chosen to
take early retirement perhaps because of Intelligent Long Term
Financial Planning which has allowed them the Freedom of Choice
in this matter.
Forced
Early Retirements where the individual is forced to
accept an Early Retirement Package for perhaps many reasons,
Company Re-Location to another part of the World, Downsizing
of a Corporation, Changes in Trading and/or Economic Conditions
the list is endless... We are seeing reports of this nature
every day in Newspapers and Journals throughout the World.
In
these situations, often but not always, a Financial Package
is made available to the individual concerned this may take
the shape of a Pension Plan which is activated at an earlier
date than previously intended or a Lump Sum Settlement, or a
combination of both.
Anybody
who is forced into Early Retirement without a Pension and/or
a Financial Package will be forced to live on the other components
of their assets.
Those who receive a Lump Sum Payout will need to
ensure that the monies received are Invested Intelligently to provide
Retirement Income.