Rumors are everywhere. They are in the news, they are with your in-laws, they are at your kid’s school, and they are most definitely in the workplace! AT&T is certainly no exception to rumors in the workplace. Many times these rumors at AT&T revolve around receiving a SIPP or a PMR, maybe someone was offered a severance package, and then there are whispers of the infamous “surplus”. It isn’t surprising in this economic climate that large organizations like AT&T might look for a way to reduce the head count, and that can cause a range of emotions. Maybe you are close to retirement age and the idea of retiring early is exciting, especially if there might be an incentive to do so. Maybe you’re at that same age, but you aren’t close to being ready to retire, so those same rumors may terrify you! What should you do when you come across rumors like these? They can be tough to ignore, especially when they have proven, at least partially, true in the past.
At Sound Financial Strategies Group we understand these rumors and how they might make our AT&T clients feel. When these rumors come up, we try to deal with the facts in the potential situation and help our clients answer a few questions:
- What is your current pension?
- How much do you have in your 401k?
- How much income do you need to maintain your lifestyle?
- Is your insurance, social security, PMR, etc set up?
- Do you want to keep working? If so, how long?
- How would you feel if you had to retire TODAY?
- Do you fully understand how AT&T payouts work and if so, how you should structure it to maximize your benefit?
Our Financial Advisors try to deal in facts and plans when rumors pop up. We believe this is the Biblically sound thing to do. We try to help our AT&T clients take the emotion out of the rumors and help them understand their situation and have a plan in place in the event they were to receive and offer or if they do not. We’ve being doing this for our clients for the last decade and a half and are proud of the way we’ve helped our AT&T clients navigate their retirement plans, even when the rumors are swirling. If you are unsure of your plans, or if any of the questions above left you wondering what to do, give us a call today for a free, no obligation, financial analysis consultation. In the midst of rumors, it is important to remember that the only thing you can control is yourself and your plan, let us put our experience to work for you today so you’ll be ready for whatever rumors come your way!