May 02, 2022

Your Retirement Options

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When it comes to planning your retirement, most people talk about how you are going to be financially and mentally prepared for leaving the workforce.

But what about actually announcing your retirement to your place of employment?

There are several different routes you can take, depending on your role and your relationship with your boss and coworkers.

Centers Health Care has a look at the different ways you can announce and plan for your retirement.

  1. Standard Notice

Like anyone leaving a position at work, giving two weeks’ notice is the standard courtesy that employees give employers to plan for their exit. If you haven’t been with the company long, don’t have any emotional ties, or are having any negative feelings towards the company, two weeks’ notice is the professional thing to do even if you’re retiring.

  1. Several Months’ Notice

If you’re a higher-level employee, giving more time to set both yourself and the company up for success after your departure is a good thing to do. Announcing your intention to retire can give you some time to plan for what you will do when you leave the workforce as well, so it’s generous to your bosses, but you can also benefit from this extra time.

  1. Work With the Company

If you’d like to retire sometime over the next year or two but aren’t dead set on it, have a meeting with your boss to talk about your options. They may want you to stick around for a year or two—even at a handsome bonus if they really want you to stick around, given the general shortage of qualified workers now—to set the company up for success after your departure, train a replacement, etc. You can even leverage yourself for success by saying you could retire in a few months, but if they make it worth your while, you could stay for another year or two.

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