Reply to Who will hire me when I turn 50?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Get a PMP.  Start networking now, etc etc.[/quote]

I'm the OP. I have my PMP.  The thing is that I'm well compensated right now and feel like I should keep doing what I'm doing for now and save money.  But by 50 I'm not going to have it in me to keep doing this at my current company.  Maybe I can look at universities or non-profit?  There have to be companies that are open to an older workforce, right?  I wouldn't expect to make the same salary so a salary cut would be expected.[/quote]

As PPs have said, OP, you need to make this transition NOW. If you wait until you are 50, you'll slow down and get laid off, joining the legions of 50+ workers who thought they were prized by their employers only to find a few years later that all their skills and experience meant nothing when they hit the big 5-0. I've seen it over and over and over again. A friend's DH was just laid off last month at age 55, after 30 years at the same company. Promotion after promotion, loads of very highly technical skill, and commensurate pay. But in a sweep, a group of workers, all over 50, were laid off. The company is profitable, and this is one way they stay that way -- by pushing older, highly compensated workers out the door and onto the unemployment lines.

Another friend lost her job at age 49, and quickly took another job for 30% less money. She's employed, but feels like she's hanging on by a thread. Once you hit 50, that's how you are going to feel, OP, unless you own the company. Another friend got laid off the week she turned 51. Her company was bought by another company, and the vast majority of the over-50s were laid off. My brother lost his job when he was 49. He was LOVED by his company, but when the recession hit, he and his fat paycheck had to go. He works for himself now, at half the pay and no benefits and no real job security. He has to hustle all the time.

These are all Ivy League graduates with graduate degrees, MBAs, MAs, PhDs!! We are talking highly skilled professionals!

There are over-50 success stories, and you may be lucky enough to be one of them, but the odds are against you. Beware and prepare, OP. 
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