Get help evaluating your options
Is the Boeing VLO option right for you? Does it mean you can retire early?
Just a 15-minute call is all it takes to get answers to any initial questions you might have and get set up for a free analysis with one of our Wealth Advisors to determine whether the VLO and possible early retirement is right for you.
Meet Scott, Associate Advisor
Scott helps our advisory team with the financial planning process by connecting new clients with the Wealth Advisor best equipped to provide advice for their individual situation. He enjoys helping people find solutions to their difficult problems and guiding them on the path toward achieving their goals.
When not at work, Scott enjoys all the Pacific Northwest has to offer. He enjoys baseball, reading, and most importantly, spending time with his wife, Rae, and their three young children.
Frequently Asked Questions
What is the VLO?
On April 20, Boeing announced a Voluntary Layoff (VLO) program in response to recent economic events. For employees who qualify, this benefit may be an opportunity to meet the goal of retirement sooner than expected.
For eligible employees, Boeing is offering a lump-sum payment of one week’s pay for every year of service completed, up to a maximum of 26 years in most cases.
Employees who accept the VLO offer may also receive a few months of subsidized health insurance benefits and access to other benefits.
While employees who accept the VLO may apply in the future for open employee or contractor positions, accepting the VLO forfeits any first consideration rehire or recall rights. This program is used as a permanent separation from Boeing, causing the employee to lose those rehire benefits.
When do I have to decide if I want to take advantage of the program?
Boeing has announced the following important dates for this VLO offer:
April 27, 2020 – VLO Registration Opens
May 4, 2020 – VLO Registration Closes
May 14, 2020 – Formal Notification Sent to Employees
June 5, 2020 – Last Day on Payroll
Does this mean I can retire early?
This is a major decision to make in a short amount of time, and there are many factors to consider. What retirement lifestyle are you dreaming of? Are the assets you have saved enough? Will you have other income sources like Social Security or pension benefits? To help weigh your options, we’re offering a complimentary financial analysis for Boeing employees considering the VLO program. Schedule a meeting above to take advantage of this offer and make sure you’re on the right track.
How can Merriman help me?
We’ve been helping Boeing employees navigate decisions like this for over 30 years. If you’re feeling overwhelmed by assessing the pros and cons of this decision, schedule your complimentary personalized analysis. We can help you determine whether retiring now would provide you with a sustainable retirement that meets your lifestyle needs.
Other Relevant Resources
Making Work Optional
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The Coronavirus and Market Movements
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