Reply to If you were to lose your job at age 55+, would you retire/dial back or look for another full-time position?

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Reply to "If you were to lose your job at age 55+, would you retire/dial back or look for another full-time position?"

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[quote=Anonymous]
I am 58 and work in media and communications.

In the last few years an increasing number of my friends and colleagues have been offered buyouts or lost their jobs as part of layoffs/restructuring. Obviously this is happening in government (DOGE's wrecking ball) and other industries, too. In most cases the job loss has nothing to do with the person's job performance.

The affected people I know are (unsurprisingy) around my age. Many are deciding to take extended time off (especially if they have buyout money), pursue part-time work, or simply retire outright, rather than look for a new full-time position. Put simply, they are making lemonade out of lemons and are deciding to retire early, if they can afford to.

I am happy that I haven't been put in this kind of position (yet); it's always preferable to be able to choose your fate professionally. But I'll admit that a small part of me envies my friends who, in a weird sense, have been given "permission" to retire early, and can afford to do it.

If you are 55 or older, and you lost your job involuntarily, would you retire early or try to keep working?

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