Job changes, early retirement offers, and career transitions create both challenges and opportunities for your financial future. Whether planned or unexpected, these changes require strategic decisions about your accumulated retirement assets and financial security.

Income Uncertainty

Job loss or career change often means temporary or permanent income reduction
Early retirement offers may come with attractive packages but shortened earning years
Industry changes can force unexpected career pivots later in your working life
Bridge income needs arise when transitioning between jobs or into retirement

Retirement Asset Decisions

401(k) rollover choices must be made quickly, often within 60 days
Employer benefit loss including health insurance and pension contributions
Vesting schedules may affect how much you actually keep from employer plans
Tax implications of different rollover and withdrawal strategies

Timeline Pressure

Limited decision windows for rollover choices and benefit elections
Potential retirement timeline changes due to income loss or early offers
Healthcare coverage gaps requiring immediate attention and planning
Emergency fund adequacy becomes critical during transition periods

Job Loss or Layoff

Navigate unexpected income loss while protecting accumulated retirement savings and maintaining financial security during your job search.

Early Retirement Package

Evaluate attractive early retirement offers while ensuring they provide adequate income for your extended retirement years.

Career Change

Manage 401(k) rollovers and asset transfers when changing employers or industries, especially later in your career.

Severance Package Management

Make strategic decisions about lump-sum severance payments to bridge income gaps and support long-term financial goals.

1. Assess Your Complete Financial Picture

• Calculate true impact of income changes
• Evaluate emergency fund adequacy for transition period
• Review all employer benefits and deadlines
• Understand rollover options and timelines

2. Protect Your Retirement Assets

• Consider 401(k) rollover to maintain tax advantages
• Explore principal protection options for market uncertainty
• Preserve accumulated wealth during income disruption
• Maintain growth potential for long-term goals

3. Create Bridge Strategies

• Plan for income gaps between jobs or until traditional retirement
• Consider flexible withdrawal options for short-term needs
• Maintain healthcare coverage during transitions
• Preserve long-term retirement security

4. Position for Recovery

• Use transition time to optimize your overall strategy
• Consolidate retirement accounts for better management
• Rebalance risk exposure based on new timeline
• Prepare for next phase of your career or retirement

Fixed Index Annuities (FIAs)

✓ Safe 401(k) rollover destination with tax-deferred growth
✓ Principal protection during uncertain employment periods
✓ Growth potential to continue building retirement wealth
✓ Flexible access through free withdrawals for bridge income needs

Multi-Year Guaranteed Annuities (MYGAs)

✓ Guaranteed growth regardless of market or employment changes
✓ Predictable returns for reliable financial planning
✓ Principal protection for funds you cannot afford to lose
✓ Various terms to match your specific transition timeline

Preserve retirement savings accumulated over your career
Continue tax-deferred growth during transition periods
Access funds when needed through withdrawal provisions
Simplify management by consolidating multiple retirement accounts

Robert, 56, accepted an early retirement package from his employer with a $350,000 401(k) to roll over. He needed to replace income for 6 years until traditional retirement age.

Working with a financial professional, he implemented a combined strategy:

• MYGA for funds needed in first 2-3 years (certainty focus)
• FIA for longer-term funds (growth potential with protection)
• This approach provided:
  • Income bridge to traditional retirement age
  • Protection of accumulated retirement assets
  • Continued tax-deferred growth
  • Flexibility for changing needs

The strategy gave Robert confidence to accept the early retirement offer while maintaining his long-term financial security.

Why Choose Oceanview for Career Transitions? 

✦ Principal Protection Focus
Safeguard retirement assets you’ve worked years to accumulate when income becomes uncertain

✦ Flexible Access
Free withdrawals and liquidity provisions provide bridge income when you need it most

✦ Financial Strength
Our A.M. Best “A” (Excellent) rating provides stability when your employment situation is changing

Career transitions don’t have to threaten your financial future. With the right strategy and protection, you can navigate employment changes while preserving and growing your retirement wealth.

Disclosures:

The Harbourview FIA (Policy Form ICC19 OLA FIA), and any variations is a single premium deferred annuity, and may not be available in all states. Annuities issued by Oceanview Life and Annuity Company, 1331 17th St., Suite 1050, Denver, CO 80202. www.oceanviewlife.com. A.M. Best Rating as of November 1, 2023, is subject to change. A (Excellent) rating is third highest of fifteen possible rating classes for financial strength. This material is a general description intended for general public, educational use. Refer to the product disclosure and related documents for more information or speak to your financial professional. Oceanview Life and Annuity Company is not providing investment advice for any individual or in any individual situation, and therefore nothing in this correspondence should be read as such. Neither Oceanview nor its representatives provide tax or legal advice. While care was taken in compiling this information, the Company reserves the right to correct any typographical errors that may exist. In California, doing business as Oceanview Life and Annuity Insurance Company.

HARBOURVIEW ANNUITIES ARE PRODUCTS OF THE INSURANCE INDUSTRY AND NOT GUARANTEED BY ANY BANK NOR INSURED BY THE FDIC OR NCUA/NCUSIF OR ANY OTHER FEDERAL GOVERNMENTAL AGENCY. MAY LOSE VALUE. NO BANK/CREDIT UNION GUARANTEE. NOT A DEPOSIT. MAY ONLY BE OFFERED BY A LICENSED INSURANCE AGENT. GUARANTEES ARE SUBJECT TO THE CLAIM PAYING ABILITY OF THE ISSUING INSURANCE COMPANY.