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Reply to "If you were to lose your job at age 55+, would you retire/dial back or look for another full-time position?"
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[quote=Anonymous][quote=Anonymous]At 58, you are done. Don't plan on finding another job on a senior level. Just retire or go get a hobby job. And remember to vote your pocketbook.[/quote] At 58 I had two kids in college at same time, a third kid in HS and a mortgage and everyone on my Health plan. Sure sounds like a great time to retire. And I had around 5 million net worth at that time but would have ran through it by 68 and would be eating dog food in a cardboard box by 70. Most of net worth was house, rental properties, 401ks, IRA. Only had two million in after tax accounts. That two million disappear quick as I was making $25k a month. [/quote]
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