I Was Laid Off at 61, Do I Need to Find a New Job?

Getting laid off or forced into retirement earlier than expected can be a big blow emotionally and financially, but it’s a life event that many people will have to navigate. If you find yourself in this position of no longer having a job before you were prepared to retire, should you go find another job or can you find a way to retire without it?

Today we’re answering a question we received recently from someone who is 61 and trying to determine if they need to go back to work. John will walk you through the factors that will impact this decision, like financial readiness and health insurance needs. Covering that gap until Medicare kicks in is often one of the biggest financial challenges for retiring early so we’ll share some options you could consider.

This is one of those situations where planning is critical for getting a clear answer that will allow you to move forward confidently, and we’ll give you a better understanding of the process we work through to help you develop that plan.  

 

Here’s what we discuss in this episode:

0:00 – Intro

1:32 – Withdrawing from retirement accounts

2:40 – Knowing where you stand in terms of retirement income

5:46 – Wanting to know the answer

 

Connect with us:

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