Ford, GM, Chrysler, DTE & AT&T Buyout Planning

William & Mark O'Neil are experienced financial planners and financial educator in the Metro Detroit area. Over the past few years, he has been counseling people on the direction they should take if and when a buyout package is presented to them. He has become very familiar with the buyout packages currently being offered from all the major Metro Detroit Area Corporations... Mostly those who have retired, or are considering retiring from Ford, GM, Chrysler, DTE, or AT&T.


Bill and Mark help people, everyday, plan their finances properly for a better future with greater financial security. However, we do not believe that times are completely different than they were and helps educate people on all the challenges and issues they will face in this new era of retirement. We tell our clients that even though many of the buyout packages are universal in structure, that your personal financial situation is not universal.

You will need to seek the help of a professional when planning for retirement and considering a buyout offer. Simply doing what your co-worker has done will be of little worth, and maybe extremely detrimental to your financial future. Bill and Mark have been very fortunate to be able to help many buyout candidates make their decision, as well learn from each and every candidate as to what their fears and and concerns may be in the decision making process. They have prepared a checklist for every buyout employee to consider before making their decision. It is recommended that you print this page and write down your answers on a separate piece of paper.

What every buyout candidate needs to ask...

  • Will your buyout check be taxable? Or do you have the option of rolling it over to an IRA and deferring the taxes?
  • What would happen to your current employment position if you decided to stay? Is there any job security?
  • Could you stay at the company? Or does it appear that your department or plant will be closed down in the near future?
  • What is your current level of education? Will you need to further educate yourself to find another job or career?
  • Will there be other positions opening up somewhere else that will cater to your current skill set or knowledge base?
  • What type of benefits will you have after you accept the buyout package?
  • Could you afford to go back to work for a lesser wage and benefits? Would you need to go back to work?
  • How much do you have saved up in your retirement plan right now? Will this be enough?
  • Do you have additional financial obligations to your family... such as paying for a child's college education?
  • Do you believe you can afford to take the buyout? What type of investment plan will you have for retiring?
  • Is there a business that you always wanted to start? Are you confident the economy will be able to support this business?

These are all legitimate questions you will have to face when making your decision. We understand that these questions are difficult for anyone to answer since a lot of them have unknown variables that are tough to predict. But from prior experience, these are the considerations that our previous buyout candidates have presented in their meeting with us.

O'Neil Financial is determined to help you feel confident when deciding what to do when faced with a life changing event... such as early retirement. We are currently providing free consultations to anyone who has been offered a buyout package. We believe it is not only important to work with someone who is knowledgeable and experienced in financial planning... but is also knowledgeable in the various buyout programs currently being offered.

By taking advantage of our free consultation, the only thing that would be at risk is your time. We will work with you to survey your answers from the above buyout checklist, as well as put together a roadmap as to where you stand financially if you decided to accept the offer. If you find that working with O'Neil Financial is not of interest to you at the present time, or if you decide to "stick-it-out" with your current employer, we can assure you that this, free, one hour meeting, will still be beneficial to you.

The Benefits of Working with O'Neil Financial

William J. O'Neil is a graduate from the school of business at Eastern Michigan University. He is highly regarded throughout the community as an honest, integrity-based financial planner. His 35 years of experience in the financial services industry has been built on the foundation of putting the client's interests first. Bill always goes that extra mile to make sure that his clients are happy.

William J. O'Neil and Mark O'Neil, are a father and son financial planning team. Their clients not only enjoy the thought of having two minds working for them, but also the fact that their values, morals, and integrity are shared when recommending their thoughts and financial strategies to the client. If you are looking for an experienced financial services professional, then consider choosing William J. O'Neil and O'Neil Financial.

If you would like to sit down with the O'Neil's to discuss your finances, then click here for a free consultation.