Summary: Age discrimination may affect retirement plans, consider gig work or real estate investments.

From Yahoo Finance: 2025-06-17 06:35:00

Losing a job at 61 can be tough due to retirement proximity. Age discrimination is common. 58% retire earlier than planned, citing work-related issues. Consider gig economy work or real estate investments for income. Rental income can provide stability. Homeshares offers exposure to U.S. properties with a minimum investment of $25,000 for potential returns of 14-17%.

If laid off, consider unemployment benefits and severance pay. Reduce expenses, consider downsizing or renting out a room for income. Secure health insurance and seek financial advice. Vanguard offers hybrid advisory services to manage investments for financial goals. Vanguard advisors provide unbiased advice without earning commissions.

Read more: I’m 61 and have been laid off before I’m ready to retire