#71 Retirement Curveballs: Prepare for Job Loss and Forced Early Retirement

Retirement Curveballs: Prepare for Job Loss and Forced Early Retirement “Connecting the Dollars” podcast episode dives into a tough reality: most retirement plans don’t go exactly as imagined. Recent stats show that while 50% expect to ease into part-time work or consulting as they retire, only 19% actually manage that smooth transition. 

Key takeaways from our discussion:

• Expect the Unexpected: Job loss or layoffs in your 50s and 60s are more common than you might think—meaning your timeline or paycheck until retirement age isn’t guaranteed. 
• Plan for Flexibility: Most people who count on working longer or transitioning slowly into retirement may face ageism or fewer job options, often with less pay and benefits. 
• Take Action Early: Start ramping up retirement savings as soon as possible—don’t wait for the “perfect” moment. If you’re closer to retirement, it’s never too late to maximize your contributions and reassess your plan. The bottom line? Control what you can—and prepare for change—so you’re not caught off guard if life throws a wrench in your plans.
• WSJ Article - Here's What a Late-Career Layoff Looks Like in America, in 5 Charts