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Kiplinger
Kiplinger
Business
Tony Drake, CFP®, Investment Advisor Representative

Layoffs Could Be Coming: What if You’re Near Retirement?

An older woman sits at her table and appears to be thinking about something serious.

After a year of layoffs and rumors of a potential recession, what will 2024 look like for the job market? According to Randstad RiseSmart’s 2023 Global Severance report, 92% of employers are predicting more layoffs. But what happens if you find yourself out of a job right before you’re set to retire?

In times of economic uncertainty, it’s best to expect the unexpected. Even if you are confident in your current job status, planning for a job loss will set your finances up for success if it should happen.

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