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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]Dial back. My spouse and I are 48 and envious of the Feds we know and some of my colleagues who either took the recent early retirement option or were laid off in their late 50s. It would change our plans but it would not devastate us. We’ve saved money for college and are on track for retirement. When we are 58, our kids will be just finishing college and our house will be nearly paid off. How much of our income we would try to replace would depend on how our kids were doing (do they seem on track to fully launch by age 22-24?) and how much support our elderly parents need financially but also physically. [/quote]
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