Forced into Retirement? Consider These 7 Strategies [Video]

Forced into Retirement? Consider These 7 Strategies

Key Points – Forced into Retirement? Consider These 7 Strategies

• Avoid Making Emotional Decisions
• Work with a Team of Professionals
• Figuring Out Where to Spend from
• 8-Minute Read | 23 Minute Watch

Strategies to Consider If You’ve Been Forced into Retirement

Have you put forth a lot of effort into planning for retirement only to be laid off prior to your anticipated retirement date? According to the Age Discrimination in Employment Act of 1967 (ADEA),₁ it’s illegal for employers to implement a mandatory retirement age in many industries.

However, that still hasn’t stopped some employers from forcing workers into retirement. Forced retirement can come in a few different forms. Some companies terminate some of their higher-earning employees to cut costs. Other companies may force employers who have health issues into retirement if they can no longer fulfill their job duties.

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The COVID-19 pandemic resulted in millions of people leaving the …