Reply to Does everyone on DCUM max out retirement?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]White collar employees planning on working forever are in for a rude awakening.  A layoff or firing after 47 or so is probably the end for your career, and especially if you're used to making a lot of money.  Plan for the worst; hope for the best.[/quote]

True true true. For myself, my husband, many cousins, friends, neighbors. People don't easily talk about this but dig a little deeper and you will see. We went from 300k to $200k and now both looking - DH is 50 and I am 46. Yeah.[/quote]

Many professionals have skills, qualifications and networks that will allow them to work independently post retirement. Thinking here of MDs, dentists, accountants, lawyers, consultants etc etc. In my family, even the blue collar guy who rose through the ranks of a union, does part-time consulting now at 72. [/quote]

As a PP said, “I think the impact of this is vastly underestimated on this board but I suspect a lot of that has to do with these boards skewing younger. Go to a place like Bogleheads and there are plenty of stories of folks being underemployed in their 50s or forced into early retirement because they can't find another job.“.

So unless you are a doctor or accountant, you name two of the top professions, it’s not as easy as you make it out to be. I am in IT and even in this field, very few can consult after being laid off. [/quote]

+1.  If it’s so lucrative then why haven’t these doctors and accountants left to do their own thing already?  [/quote]

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