<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=314834185700910&amp;ev=PageView&amp;noscript=1">

Retiring Early For Corporate Employees


Want to retire from Cadence Design Systems early—that is, before “normal” retirement age? The big challenge—a problem most of us are glad to have— is that we’re living longer. Retire from Cadence Design Systems  in your mid-fifties and you could live 40 years or more in retirement.

For a longer retirement period, you’ll need a larger nest egg than if you retired from Cadence Design Systems at a later time, yet you’ll have fewer years to build that nest egg. Early retirement from Cadence Design Systems means smaller monthly Social Security benefits. The same applies to traditional pension plan benefit amounts.

'For a longer retirement period, you’ll need a larger nest egg than if you retired later.' people tossing their clear wine glasses

If you retire from Cadence Design Systems early, you may need to replace corporate benefits you lose, such as life insurance and, if you work part-time or on your own during retirement, disability insurance. You also may need to come up with health insurance to cover the gap until you qualify for Medicare at your normal retirement age. Retiring from Cadence Design Systems before age 59-1/2 also can present a tax problem, since taking money out of your retirement plans may trigger a 10% tax penalty. And you could still have major expenses to fund, such as a mortgage and college.

Retirekit CTA

The challenges of early retirement from Cadence Design Systems are not just financial, however. What are you going to do all those years? Many financial planners find their retired clients returning to work, often part-time, out of boredom. So although early retirement from Cadence Design Systems may sound appealing, be sure you’ve thought through the financial and non-financial issues before taking the plunge.

 

Featured Video

Articles you may find interesting:

Loading...

For our Cadence Design Systems clients who would like more info on this topic information about this topic, view our e-book here:  https://retirekit.theretirementgroup.com/planning-for-the-stages-of-retirement-e-brochure

New call-to-action

Other Articles of Interest

Articles Relevant to Cadence Design Systems Employees

Loading...

For more information you can reach the plan administrator for Cadence Design Systems at 2655 Seely Avenue San Jose, CA 95134; or by calling them at +1 408-943-1234.

Company:
Cadence Design Systems*

Plan Administrator:
2655 Seely Avenue
San Jose, CA
95134
+1 408-943-1234

*Please see disclaimer for more information

Featured Articles

Articles Relevant to Cadence Design Systems Employees

Loading...