The Smart Start Money Podcast
Why Do Employers Offer Severance Pay?

Why Do Employers Offer Severance Pay?

November 19, 2020

A Severance Package Is Not Offered Out of Kindness

Employers do not offer severance pay out of the kindness of their heart for a worker that is let go. A company that decides to give a parting employee severance does it to protect their interests.

Not all companies offer severance pay and it isn’t a requirement in most instances. Yet, a growing number of businesses are putting packages together for employees that are let go. What is severance pay and why are a growing number of employers choosing to offer it?

This podcast episode talks about why companies decide to offer severance packages.

 

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Why Is a Reverse Mortgage Almost Always a Bad Idea?

Why Is a Reverse Mortgage Almost Always a Bad Idea?

November 12, 2020

Considering a Reverse Mortgage?

With 1 in 5 Americans having no retirement savings, it should not come as a surprise that a reverse mortgage is sometimes something people turn to in order to try and solve a financial problem at retirement. A reverse mortgage might seem like a good way to come up with some extra money for daily living expenses, medical bills, or to provide the money needed to stay in a home. However, taking a reverse mortgage is almost always a bad idea and there are several reasons why.

 

This podcast episode talks about the dangers of taking a reverse mortgage.

 

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Politics and Sports: Do Political Views Belong in Professional Sports?

Politics and Sports: Do Political Views Belong in Professional Sports?

November 3, 2020

Most employers in America have rules. It could be a dress code or requiring employees to act a certain way on the job in which an employer wants to be portrayed. For most people in America, there are rules they must follow to be employed, and often this means sticking to actual work rather than getting involved with other employees on political or religious beliefs. 

Most employers in the real world know it is important to keep political, religious, and sexual beliefs to a minimum at work. The reason for this is because it can create division and hurt working relationships that can ultimately hurt productivity. 

It seems professional athletes and sports teams are given a special pass for drug use or being a felon. They also are able to use their time at work to let everyone know how they feel politically. They are given a pass for not following company culture or tradition. 

Everyone has the right to express themselves freely. However, politics and time in the game do not mix.

This podcast talks about why politics do not belong in professional sports.

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