Reply to PSA: Save early

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[quote=Anonymous][quote=Anonymous]How long have you been laid off?  Why are so sure you can't get another job?  Assuming you can find one in 6 months to a year, yes you lose retirement contributions but not in a place that is unrecoverable.

Unless you are depleting other savings?  Did you get a severance?

At 51, you should be able to find something else if you look aggressively, unless you are in a weird niche industry.  51 is not 61.[/quote]
np.. 51 in certain industries is considered "old", like tech.

I hear ya, OP.  I'm lucky to still have my $170k paying job at 53.  DH is almost 61, and no longer able to find anything that pays $170K, even.  Luckily, I made sure that we did save the max earlier on.

But, yes, OP's situation is all too common and a cautionary tale for younger people.  You think your career path is set and you're good at your job so you will always be in demand for a high salary job.  DH is great at his job, but he's old. Ageism is real.

Listen up, people in your 30s/40s.  One day ageism will come for you, too.[/quote]

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