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A retirement letter serves as an official declaration of your departure from a job, giving your employer ample time to find a replacement or allocate your duties elsewhere. This strategy ensures a ...
A formal letter with minimal expression of courtesy is then-President Richard Nixon's letter of resignation under the terms of a relatively unknown law passed by Congress March 1, 1792, [1] likely drafted in response to the Constitution having no direct procedure for how a president might resign.
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That assumes your retirement date is before age 59 ½, the age at which you can tap most retirement accounts penalty-free. Still, it can make sense to contribute to a Roth IRA, which provides you ...
A less severe form of involuntary termination is often referred to as a layoff (also redundancy or being made redundant in British English). A layoff is usually not strictly related to personal performance but instead due to economic cycles or the company's need to restructure itself, the firm itself going out of business, or a change in the function of the employer (for example, a certain ...
The State Teachers Retirement System cut health care for my wife after the economy nearly collapsed and the national debt started to skyrocket. But I still got my retirement checks with cost-of ...