Golden Boot

What Does Golden Boot Mean?
An inducement, using maximum incentives and financial benefits, for an older worker to take "voluntary" early retirement.

Investopedia explains Golden Boot
A golden boot is usually offered by companies planning on downsizing or hiring new employees. The goal for these companies is to avoid potential lawsuits stemming from labor laws that protect employees from age discrimination.

Related Terms

401K Plan
403b Plan
Golden Handshake
Golden Parachute
Individual Retirement Account - IRA
Nest Egg
Pension Plan
Roth IRA
More Related Terms

Related Links

Introductory Tour through Retirement Plans - Here you will find tutorials that are each devoted to one the most common retirement plans, explaining how to establish, fund, and then take distributions from it.
What happens when someone is given the golden boot? -
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