Under the 2015 National Negotiations, Ford Motor Company and the UAW are offering special separation and retirement buyout programs to UAW-represented employees. There are two programs offered, the Special Retirement Incentive (SRI) and the Special Termination of Employment Program (STEP). The decision to accept any separation program requires careful analysis and planning on the part of each employee.
For those evaluating the SRI or STEP, there are important factors to consider:
- Am I financially ready to go?
- Have I developed a comprehensive Retirement Income Plan?
- How will the SRI or STEP impact my retirement plan?
- Are my investments allocated appropriately for this life event?
- What should I do with the assets in my TESPHE?
Mainstay Capital Management is a fee-only, independent investment advisor that can provide a comprehensive Retirement Income Analysis, help evaluate "what-if" scenarios, and assist in making informed decisions concerning any buyout offer.
Call Mainstay Capital Management toll-free at 1-866-444-6246 to discuss your personal situation with a Retirement Planning Specialist.