We don’t prepare for it. We hear about others being pushed by their employer into early retirement. But we don’t expect it to happen to us.

When you’re busy working and being productive, you don’t think about being let go by your employer. But it happens, especially if a company needs to cut expenses.

One way they reduce costs is by cutting the most expensive employees. And that employee could be you.

Sure, you do good work. And you are irreplaceable – as an individual.

But as an employee, you are replaceable. Your firm can train a less expensive hire or they can shift your responsibilities to others.

It’s tough to swallow that concept. Unfortunately, it’s true and the way many corporations operate.

If you find yourself pushed into retirement when you’re not ready to end your work-life, here are four suggestions.

1- Decide if you want to continue in your same profession or if you’re ready to pursue something else, for example, teaching. The amount of income you need may determine your decision.

2- Tap your connections to see what’s available in the marketplace. You never know who will introduce you to your next opportunity. Make it a point to reach out to those in your network. Your decision in #1 may evolve as you talk with others and are introduced to new opportunities.

3- Treat your job search as a full-time job. If working from home is difficult, then use a virtual office to conduct business. Search “virtual office” on the internet to locate options near you.

4- Consider an expanded role in a nonprofit organization to increase your network. Become more active in your community by joining a committee or even becoming a Board member.  You never know who you’ll meet while helping those in need.

Pushed into early retirement does not mean the end of your work-life. Many executives who are pushed out still identify themselves with their work. And it’s hard to suddenly end a career.

The more you put yourself out there meeting with different connections, the more you’ll be exposed to opportunities. It’s a new chapter in your life, enjoy the journey.

And remember, stay PEF (positive, enthused, and focused)!


Niv Persaud, CFP®, CDFA™, RICP®, CRPC®, is the Founder of Transition Planning & Guidance, LLC. Life is more than money. It’s about living the lifestyle you want and can afford. For that reason, Niv consults with clients on money, life, and work. Her approach capitalizes on techniques she learned throughout her career, including as a management consultant, executive recruiter, and financial advisor. Her services include developing spending plans, comprehensive financial plans, divorce financial reviews, retirement plans. Niv actively gives back to her community through her volunteer efforts. She believes in living life to the fullest by cherishing friendships, enjoying the beauty of nature and laughing often — even at herself. Her favorite quote is by Erma Bombeck, “When I stand before God at the end of my life, I would hope that I would not have a single bit of talent left and could say ‘I used everything you gave me.’”

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