Your Guide to Layoffs, Severance, and Retirement Decisions

When layoffs or retirement offers appear, whether planned or not, they can stir panic and uncertainty. In this episode of Your Successful Retirement, Dennis O’Keefe, CFP®, draws on more than 30 years of experience helping telecom employees navigate these pivotal transitions. He shares a calm, practical approach to managing the emotional and financial stress that follows a sudden career shift.

You’ll learn what to consider before signing a severance agreement, the hidden tax implications many overlook, and why COBRA coverage may not be your best option. Dennis also unpacks key strategies around timing your Social Security, managing 401(k) withdrawals, and avoiding the costly pitfalls that can derail your long-term plan.

Key takeaways:

• How to evaluate a severance package and understand its real after-tax value
• Why preparation matters more than panic when a layoff hits
• Smarter health insurance choices after employment ends
• When and why to consider taking Social Security early
• And more!

Connect with Dennis O’Keefe: 

• Successful Money Strategies, Inc
• dennis@successfulmoney.com 
• (508) 730-2300 
• LinkedIn: Dennis O’Keefe
• LinkedIn: Successful Money Strategies, Inc
• Facebook: Successful Money Strategies, Inc
• Instagram: Successful Money Strategies, Inc
• YouTube: Your Successful Retirement Podcast

All content presented is for educational purposes only and should not be construed as an endorsement of any third party, or as a solicitation or offer to sell securities or provide investment, tax, legal, or consulting services, and should not be acted upon without obtaining specific advice from a qualified professional. We believe the information presented to be reliable, but it is not guaranteed as to its accuracy or completeness. All examples are hypothetical and for illustrative purposes only. Any opinions or statements by third parties are their own and may not be representative of the experience of others or indicative of future investment performance or success. No compensation has been exchanged for any testimonials, endorsements, and/or recognitions.