Age discrimination can make it difficult for a 61-year-old to find work after being laid off.

From Yahoo Finance: 2025-04-21 12:30:00

Losing a job at 61 can be tough due to age discrimination. A survey found 58% of retirees stopped working earlier than planned. Retiring at 61 poses challenges like delayed Social Security and Medicare eligibility. Explore options like consulting or side hustles. Seek career resources and network for new roles.

After a layoff, consider unemployment benefits and possible severance pay. Use accrued vacation time and reduce expenses if needed. Secure health insurance and consult a financial advisor for guidance. They can help strategize income sources and asset allocation to navigate an early retirement situation effectively.



Read more at Yahoo Finance: I’m 61 and recently got laid off. I still want to work, but no one will hire me. What can I do?