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Reply to "Does everyone on DCUM max out retirement?"
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[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] 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.[/quote]
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