Early Retirement Blog

If you have been laid off, and you are over the age of 50, what is the first thing you should do?  Find out if you can retire.  Before you write a resume, buy a new suit, and begin networking for a job, you should first eliminate the possibility that you can retire.

A recession is a tough time to be seeking work.  Companies freeze their hiring, the job applicant pool keeps rising, and unemployment benefits generally last only 26 weeks. It could be many months or years before you find another job, with no guarantee that the pay will be the same, all the while burning through your retirement nest egg.

The good news is that you can retire on a lot less savings than you realize. Traditional retirement planning over-estimates the amount of savings a person or couple needs to retire.  Forcing many people to work longer than necessary.

To find out if you have enough savings to retire now – try our free Can I Retire Now Calculator.  Instantly discover if you have enough savings to retire.  Over 35 percent of our customers are pleasantly surprised to learn they can retire right away.

If your employer is offering you a voluntary early retirement package, find out if you can take advantage of their offer and retire, by trying our Voluntary Early Retirement Calculator.

And everyone, whether they are recently unemployed, afraid of becoming unemployed, or worried about the impact of the recession on their retirement, should read Recession Proof Your Retirement.

While you are on our Early Retirement Website, calculating if you can retire today, don’t forget to spend a few moments on the site to learn how to retire early.   You can also learn more about our unique Early Retirement Planning Software, that enables you to plan, manage, and maintain, a safe and secure retirement.

Getting laid off, while it is almost never pleasant, may turn out to have an unexpected silver lining – early retirement!