Many Americans assume they will be continuously employed and their wages will rise every year until they retire. The reality, however, is that many workers lose their career jobs earlier than anticipated.
Work situations can change for many reasons including layoffs, family needs, or health issues. During uncertain times, it is important to rethink what your retirement years may look like—perhaps it’s waiting longer to retire, or taking on a new career when you do.
Preparing for Job Loss
You can prepare for a period of unemployment or job loss in the following ways:
Dealing with Job Loss
If you are recently unemployed, follow these steps to reinvent yourself and land a new job: