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]

MDs, dentists, accountants all have hard, tech skills and are licensed by the State.   There will always be work for such if they choose to work.  
The ones who need to worry are the ones with "soft skills" who are pure managers, business dev, marketing, PR, etc types.   When they get shi$canned at 48, they usually don't find the same job with equivalent compensation.  [/quote]

Yep, I was an IT manager and got canned at 45. I am 46 and have been looking for identical pay job, even 15% less than the $150k I made. Not finding anywhere close.[/quote]

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