Delay Retirement

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This seems to be a recurring theme, the longer you continue to work, the more you will have in retirement. This works fine, as long as you have a job. I lost mine last fall, forcing me to start taking my greatly reduced pension early. Over 25 years of progressive experience in IT and Supply Chain is not worth much in todays market.

So what is the advice in this situation, sell the house? I might have enough equity for 5 years of rent payments. Sell the cars? What can I get for a 2000 Honda and a 1999 Buick. Have the spouse get a better job? A high school education and recent retail experience do not go far. Tell the kids to postpone their college education and try to find a McJob somewhere?

Any answers would be appreciated.

Rick of MN 8:16AM December 29, 2008

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