Ford retirees have maximize time to determine lump sum or monthly payment.
John Schindler, Sr. VP at UBS Financial Services, says Ford is being more strategic than GM letting folks know ahead of their offers to sufficiently plan accordingly. (GM announced it and offers were in the mail that day). As a result, there are certain things that these Ford retirees SHOULD be doing now prior to getting their actual offer. From there, they will have 90-days to determine their option.
Schinder's father retired after working for Ford for over 35 years. Less than 3 years after he retired, he unexpectedly passed away. Because of this, he has stepped up to offer free education to these retirees—so they don't have to endure what his family experienced. He is doing free webinars AND creating plans for folks with no charge to provide education to the community. Online: www.fordwebinar.com
John, What is the difference between Ford vs. GM's approach to this lump sum or pension options?
What are the things these Ford retirees need to be doing now?
And what are the considerations folks should consider when they actually receive this offer?