Considerations and Impacts of Early Retirement
In the first quarter of 2025, layoffs and job cuts have been announced across various sectors:
- Federal layoffs impacted several departments, including the IRS, Health and Human Services, and the Department of Education. These cuts are creating a ripple effect as agencies must rethink contracts and funding for private companies, nonprofits, and local governments.
- In the private sector, companies including Boeing, Amazon, L3Harris, and UPS have announced layoffs that could impact a significant number of employees during 2025.
Federal employees facing layoffs or considering early retirement likely find themselves evaluating financial strategies and career options. That’s why the Wealth Management team at PBMares wrote this article, which lists a few critical considerations.
Given how important these decisions are for your future, it’s important to consult with a fiduciary financial advisor and/or a career counselor. These professionals can help provide clarity and insights about retirement planning, investment strategies, and potential career transitions.
Read the full article on PBMares Wealth Management’s website here.
