Recently, Jeff Bezos, one of the wealthiest people in the world, announced he would take a different role at his company, Amazon. Corporate moves make the news all the time, but for the largest companies, the story can jump from the business page to the front page.1,2
It’s understandable to wonder how this might impact you. It might appear like the start of something bigger or the first domino, so to speak. But corporations like Bezos’ go to great lengths to make transitions smooth.
These changes are often carefully timed and planned, particularly when the CEO is a household name. Nobody wants a misstep during a transition in the spotlight. Bezos moving to a new title at the same company is a clear sign that this transition was planned and likely not a harbinger of chaos.1
So remember, such events are business as usual for major companies and one of many elements that should be already factored into your investment strategy.
Any change in lifestyle can be wrenching. Thoughtful prior planning -- planning to encompass the worst while hoping for the best -- is a must.
When it comes time for your transition to a new responsibility or retirement, will your move be as well planned? If you're not sure, let us help you review and then make sure that it is.
1. CNBC.com, February 2, 2021
The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite, LLC, is not affiliated with the VANCO Financial Group of companies. The opinions expressed and material provided are for general information and should not be considered a solicitation for the purchase or sale of any security.