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Retiring Early For Corporate Employees


Want to retire from Crocs 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 Crocs  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 Crocs at a later time, yet you’ll have fewer years to build that nest egg. Early retirement from Crocs 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 Crocs 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 Crocs 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.

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The challenges of early retirement from Crocs 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 Crocs may sound appealing, be sure you’ve thought through the financial and non-financial issues before taking the plunge.

 

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For our Crocs 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

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For more information you can reach the plan administrator for Crocs at 7477 E. Dry Creek Pkwy. Niwot, CO 80503; or by calling them at 303-848-7000.

Company:
Crocs*

Plan Administrator:
7477 E. Dry Creek Pkwy.
Niwot, CO
80503
303-848-7000

*Please see disclaimer for more information

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