Golden Boot An inducement, using maximum incentives and financial benefits, for an older worker to take "voluntary" early retirement. Investopedia Says: 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 Parachute Individual Retirement Account - IRA Nest Egg Pension Plan Roth IRA |