Strategies to Continue Working After Being Laid Off at 50+
Wednesday, 8 May 2024, 10:07
Over 50 and Laid Off? 3 Ways to Avoid a Forced Early Retirement
A late-in-life layoff doesn't have to mean your working days are over. If you're over age 50 and recently laid off, consider these moves before resigning yourself to an early retirement:
- Do a career pivot: Consider transitioning to a new industry or field that you're passionate about to secure employment.
- Consult or start your own business: Explore freelance consulting or entrepreneurship to continue your work independently.
- Moonlight in the gig economy: Take up flexible gigs like ride-sharing or delivery services to preserve your retirement nest egg.
Before tapping into your retirement savings prematurely, explore these alternatives to maintain financial stability as you navigate post-layoff challenges.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.