time as a care advocate at the Inglewood Senior Center, and is making plans to work full time again. But, most importantly, she has updated her will; is making arrangements to transfer more of her fixed income holdings into equity investments; and is putting together a trust that will, among other things, make provisions for her own long-term care.
Two years after being downsized, Peterson offers this advice to others who may face the same ordeal: “If your company offers you a buyout, and you don’t have a lot of time to think it over, consult a financial planner immediately and remember that the company’s first offer is usually [its] best.”