Forced Into Retirement Without Warning

Mature workers struggle with being overqualified

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Many people plan to work until age 62 when Americans become eligible for Social Security. Age 65 is also a popular retirement choice because Medicare eligibility kicks in. But retirement can also happen without warning. An unexpected layoff or health problem can force you into retirement earlier than planned. Some employers will also try to entice you to retire early with a buyout offer. Employees sometimes accept the early retirement incentive because they’re afraid they might be laid off under less favorable terms later.

I spoke with Nightly Business Report on Monday night about how to get your life back on track after a forced retirement.

 

On Friday, Nightly Business Report will dedicate its entire broadcast to a special report about retirement. Also, check out these 7 tips for finding a job after age 50 and consider these 3 industries currently hiring older workers.