Retirement planning can be stressful because there are a lot of things to keep track of. One of the steps that often gets overlooked is announcing to your employer that you are going to retire. This may require writing a letter to explain your plans while also choosing a date for your last day of work. It is a big step because it signifies the beginning of your retirement journey. So, to start your retirement off on the right foot, try taking some time beforehand to plan your announcement.

Before you start writing your letter and preparing your announcement, first make sure that you have qualified for all of your retirement benefits. This includes checking the amount of pension payments that you are eligible for, if any, looking at your 401(k) plan, and thinking about when you will sign up for Social Security. To help ensure that you are ready to receive your full retirement benefits, it may be a good time to talk with your trusted financial advisor about creating or updating your comprehensive retirement plan.

Next, it’s time to begin deciding on a retirement date. The key here is to try and give enough time for the company to fill your position, but also to not give more time than is necessary. Some companies could start excluding you from events or important meetings or even ask you to leave sooner than you suggested.

One of the most important aspects of the letter is some lines expressing your thanks and appreciation. Giving positive feedback is important to display gratitude to the company and show respect for all they have done for you. This can also be an opportunity to highlight some of your achievements and successes as an employee. As you write your letter, try to start thinking about your future plans and goals. Do you want to consider working part-time or consulting? Are you willing to train a new employee to help with the transition? If so, then you may want to try explaining this to them. Your company may appreciate it if you can come back to help in the busy season or mentor a younger employee.

This is a huge milestone in your life, and it is important that you put thought and care into your decision so that you can start your retirement off on the right foot. Talk with a trusted financial professional about your personal goals and financial plan for the future. We’ll sit down with you one-on-one to discuss your goals and help put you on the right path towards achieving them. Click HERE to contact us today and to request your complimentary, no obligation financial review!


Please Note: Epstein & White is a tradename. All services provided by Epstein & White investment professionals are provided in their individual capacities as investment adviser representatives of Mercer Global Advisors Inc. (“Mercer Advisors”), an SEC registered investment adviser principally located in Denver, Colorado, with various branch offices throughout the United States doing business under different tradenames, including Epstein & White.Epstein & White Financial, LLC (“Epstein & White Financial”) is an SEC-registered investment adviser; however, such registration does not imply a certain level of skill or training and no inference to the contrary should be made. A copy of Epstein & White Financial’s current written disclosure statement discussing our advisory services and fees is available for review upon request or at www.adviserinfo.sec.gov.

Epstein & White Retirement Income Solutions, LLC (“Epstein & White Retirement”) is a licensed insurance agency with the State of California Department of Insurance (#0K53785).  All investment advisory and financial planning services are provided only through Epstein & White Financial.

Information contained herein is for informational and illustrative purposes only and general in nature.  It should not be considered investment advice or a recommendation to buy or sell any type of securities or insurance products and no investment decision should be made based solely on any information provided herein. We provide this information with the understanding that we are not engaged in rendering legal, accounting, or tax services. We recommend that all investors seek out the services of competent professionals in any of the aforementioned areas.

Investment in securities carries a risk of loss, including loss of principal amount invested.  Different types of investments involve varying degrees of risk. It should not be assumed that diversification or asset allocation protects a portfolio from loss or that such will produce profitable results.