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Reply to "Everyone I know is laid off by age 55"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I am 57 (female and person of color), soon to be 58 and work in-house for a non-profit. I make 315K and have been in my position for 19 years. We have people in our organization who have been with the company for 30 to 40 years. If I can, I will work another 10 years. You can do the math. It depends on your position. I am viewed as key personnel and have a lot of institutional knowledge and subject matter expertise (law). The key is making yourself as critical to the enterprise as you can. I have $1.5 in retirement. I want to add another $500 - $750 if I can. My husband is retired and we have twins starting college in the fall. It can be done but you have to find your niche.[/quote] Curious, what is the field of your nonprofit?[/quote] I cannot be specific but it is a government contractor with 501c3 status. There are many people of 55 and above who make low to mid six figures. A few high six figures with bonuses. Like I said, you have to find your niche and make yourself critical with subject matter expertise or institutional knowledge or both. It is also important to keep up with the changing technology. Because my company competes with other government contractors, it maintains the most current software and technology solutions. You have to be nimble and quick to learn.[/quote]
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