I was laid off at 56 and what I did next

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  • Опубликовано: 26 дек 2024

Комментарии • 1,3 тыс.

  • @lr50plus54
    @lr50plus54 3 месяца назад +1223

    I LOVE that you dismissed your boss. No need to listen to hollow excuses, etc. You really retained your dignity in a very difficult situation.

    • @smallretiredlife
      @smallretiredlife  3 месяца назад +163

      L O L yes. It was like the only thing I could control in my life at that particular point in time. Honestly, I just didn’t want to hear how it was them not me, blah blah blah. As I mentioned in the video living in Calgary, we get laid off a lot because the oil and gas industry is like the biggest employer here and those companies get sold a lot so we get laid off a lot. So I’ve been laid off several times, I know the spiel and I wasn’t particularly wanting to hear it again. All I wanted to know was what my payout was going to be.

    • @oleandra3759
      @oleandra3759 3 месяца назад +32

      @@smallretiredlife- that’s right- “SHOW ME THE MONEY” What movie was that? I think that was a really impressive move. I would not have thought of that. Good for you!

    • @recherche4528
      @recherche4528 3 месяца назад +20

      @@smallretiredlifeI am curious how your boss reacted. Typically in the United States,the boss or management would remain with the HR person.

    • @smallretiredlife
      @smallretiredlife  3 месяца назад +41

      @@recherche4528the HR person asked the boss to leave.

    • @margaretellul4556
      @margaretellul4556 3 месяца назад

      ​@@oleandra3759the movie is Jerry Maguire

  • @erikacalvert9481
    @erikacalvert9481 2 месяца назад +258

    Thanks for sharing your story! I was laid off at 58 after 15 years as a HR Manager with my company. No prior warnings and glowing reviews, so I was shocked, embarrassed, hurt, angry, etc….but thanks to the severance package plus 2+ months of unused PTO, I was able to pause, heal and take a few months to figure things out. I knew I needed to keep busy, so I started seeing a therapist, saw friends, took long walks, traveled and kept a gratitude list. Thankfully my hubby and I had both saved a lot of money, which definitely helped. I never ever imagined I would reinvent myself at 58, but I gleefully left the corporate world and became a Voice Over Artist and pet sitter. I make significantly less money now, but I’m soooooo much happier! The animals fill my heart with joy, and the Voice Over work is creative and challenging! And hey, I’m pretty stoked that I have narrated 30 audiobooks! As devastating as this experience was, it was ultimately one of the best things that ever happened to me!

    • @smallretiredlife
      @smallretiredlife  2 месяца назад +10

      Good for you! Wow! Sounds to me like you are in a much better place.

    • @lizad5772
      @lizad5772 2 месяца назад +6

      Thank you for sharing. Can i ask how you got into voice over work? I would love to do audiobook readings! 😊

    • @whisper2284
      @whisper2284 2 месяца назад +3

      This is a great story! Thanks for sharing.

    • @pendulumdistinction2494
      @pendulumdistinction2494 2 месяца назад +2

      Incredible. Thank you for sharing.

    • @Dr.DorisTorres
      @Dr.DorisTorres Месяц назад

      This is so inspiring! I wish you well. ❤

  • @Myspirit904
    @Myspirit904 3 месяца назад +757

    At 56 I had been working for a breast cancer surgeon for 12 years. In early 2018, she called me in the office and announced she would be permanently closing her practice in 30 days. I was not angry nor did I grieve. I had not been happy there - it was a job that left me feeling very depleted. For some reason I suddenly thought, “I’ll try waitressing!” Fast forward, I secured a job with no experience and now nearing 63 and have been successfully waitressing for the last 5 years working half the hours I was previously working and making more. The job loss was a blessing. As a single woman, I plan to continue working like this for as long as I can, I love it.

    • @smallretiredlife
      @smallretiredlife  3 месяца назад +56

      I’m so happy that things worked out for you in your favour. I think the fact that you went out there and just moved on and got a different gig is what made you succeed.

    • @Myspirit904
      @Myspirit904 3 месяца назад +13

      @@smallretiredlife thank you!!

    • @helenready1310
      @helenready1310 2 месяца назад +18

      wow. i waitressed for 35+ years, my job ended (business sold) and nobody has so much as given me a callback (correction: two interviews, no job offer). i was 57-58(? i can't specifically recall, i just turned 60 this week), and as far as the market in my area is concerned: *aaaaahh! next!!* if you're my age. anyway, i'm so stoked that this avenue worked out for you. i'm making pretty good money as an event security monkey so i'm not complaining, but like i said, if you're 50+ and trying to get (back, in my case) into 'the biz' where i'm at???? psssh...

    • @Myspirit904
      @Myspirit904 2 месяца назад +6

      @@helenready1310 Happy Birthday! You might be better off with the job you have since, especially as we get older, serving is hard on the ol’ bod! Where are you located?

    • @helenready1310
      @helenready1310 2 месяца назад +6

      @@Myspirit904 seattle, ageist capital of the universe. my new job is actually harder on my body than the 4 days/$700/week/20 million steps that my waitressing job entailed. standing [for 14 hours on end]: it's what's for dinner (cue aaron copland)

  • @kristymoore7052
    @kristymoore7052 Месяц назад +175

    Same thing happened to me though I was in my early fifties. Did not get anything but unemployment, but I took my six months, bought cheap camping gear (at first) and lived frugally traveling by car and visiting 19 national parks that season, mostly alone which was new to me. The job loss also forced leaving my home, friends and community behind, so the “processing” took awhile. Fast forward, I am now working for an organization that is flexible and means something, I am now an avid camper, hiker, skier and backpacker. I just completed the John Muir Trail at age 60 and though devastated at first, it changed my life trajectory for the better.

    • @manuelastefan1187
      @manuelastefan1187 Месяц назад

      That is fantastic ! May I ask what organization you work? Good to hear the more flexible and meaningful ones are out there!

    • @theskiesthelimit-q2k
      @theskiesthelimit-q2k 16 дней назад +1

      Way to go for making good of a bad situation!

    • @mariko4644
      @mariko4644 16 дней назад +1

      I am 52 and am in the processing phase post termination. I wish I could take a life time out, but I have school aged kids and elderly mother. I have realized how much I have not been there for my kids and will be rethinking my next steps. Thank you for sharing.

  • @miriam626
    @miriam626 3 месяца назад +351

    Thank you for sharing your story. I was laid off at 54. As I grieved, I looked for opportunities to give back by volunteering. Little did I know that 2 years later I would begin a ministry to help the homeless get off the street. I would never have had that opportunity had I been working. I am grateful for being laid off. Today, 12 years later, my life is much more meaningful. I am grateful. I have purpose 👍🙋🏻

    • @Loveable03-y8r
      @Loveable03-y8r Месяц назад +3

      Hola hello beautiful world God Almighty bless all ❤️yess and blessed are those that give then receive,!! They also have done research the happiest people are the ones that give the most God Almighty bless all everything in life happens for a reason God bless all ❤️🌟✨❤️

    • @robynmoxham4255
      @robynmoxham4255 Месяц назад +2

  • @onebridge7231
    @onebridge7231 3 месяца назад +445

    Never be loyal to a company. No company cares about their employees no matter what anyone says. Everyone is replaceable and disposable.

    • @smallretiredlife
      @smallretiredlife  3 месяца назад +19

      So true!

    • @ZZealot-y3u
      @ZZealot-y3u 2 месяца назад +18

      Gen y and Gen Z ....we are slowly beginning to change the work scape. Gen Z is beginning to just drop out of the workforce altogether. People are done being used and abused. At least we gen y will have a chance of a job when we get older for it. 😂😂

    • @StridingForward
      @StridingForward 2 месяца назад +1

      Word!

    • @raymondlin8728
      @raymondlin8728 2 месяца назад +30

      My philosophy back in the early 2000s.
      Go to work, fulfill your duties, go home. Don't make friends, don't bring family pictures, don't think this is the last place you'll ever work. Any day could be your last day, get ready to move on. It work well for me.
      People there are not "family".

    • @kristindowner9897
      @kristindowner9897 2 месяца назад +6

      Thank you for sharing so fully from your heart. Very helpful, even though my story is very different. I’ve been a Sta at home mom & home educator, with 13 children & 38+ cumulative home education years under my belt. I presumed that “Shifting Gears” from mamma to Grandmum; from “in-demand” to at my leisure would be quite welcome & come very naturally! Au contraire!
      I have had a hard time finding my forward; of choosing to be available to a few as opposed to being “needed” by many.
      Change does CB not come easily to us humans! But your story, tips & principles apply to my situation just the same & are very helpful in my present exploration…

  • @lynnfaulkner2706
    @lynnfaulkner2706 3 месяца назад +648

    My pov is very controversial, but it has worked for me. I had many well paying jobs in sales and marketing, but when i became bored. I quit and did something else. I even went back to grad school at the age of 49 to become a Clinical Social Worker. In all those decades, i never saved a penny. I traveled whenever i could and supported people and causes i believed in, with never a thought to the future. I have had the most exciting, adventurous life. I have watched my old friends toil for endless decades at jobs that they mostly disliked, saving for their old age and are now comfortably retired. Unfortunately, many developed health problems and were unable to enjoy it. At 84, i live on SS, in a tiny but lovely apt in a low cost senior community. I shop at thrift stores and find beautiful things to wear, and i love to cook and share with neighbors. I am nearly 84, and while i wouldn't suggest anyone following in my path, I wouldn't change a thing. I see so many people who work all their lives to be comfortable in old age, which sometimes never comes.

    • @smallretiredlife
      @smallretiredlife  3 месяца назад +33

      Wow, sounds like you have an amazing and experienced many exciting adventures. Good for you. That’s how life should be.

    • @Ladyblogtest
      @Ladyblogtest 3 месяца назад +15

      I think the way you do. I believe in enjoying life. I have never lacked or wanted for anything. Thanks for sharing.❤❤❤

    • @agak61
      @agak61 3 месяца назад +18

      It is a great life however I regret not buying a small place to live vs renting ;( I’m in my 40’s and it will not be easy to buy and pay it off now - however I will try 😢

    • @msbrendasnow
      @msbrendasnow 3 месяца назад

      @@silentnot4812 at 84 she deserves a break . I am 74 and was fired because I was out with covid-19. I found it difficult to get another job, so I reached out for assistance with food and utilities. I do not feel ashamed either. I worked for it and paid taxes all that long time so it's my taxes.

    • @sbmart5929
      @sbmart5929 3 месяца назад +41

      @silent - @Lynn wrote that she had well-paying jobs, but when she got bored, she switched to a different job/career, but didn’t save any money. Not saving money doesn’t change the fact that she paid into social security with every job she worked. So whatever social security she’s getting, she earned, as is the case with most people. You may want to more carefully read posts and not malign people who don’t deserve your derision.

  • @elmobolan4274
    @elmobolan4274 3 месяца назад +307

    57 yrs old and laid off at the beginning of 2024 after 5 yrs. I was actually elated, happy but a little scared but I qualified for a severance pay and unemployment. I literally was so happy, I made my boss a little nervous. I was able to land a job 3 months later with full benefits effective immediately . Grateful. FYI no matter what you say or how much you cry in front of your employer, your fired and it's not going to change a thing, so go out with dignity.

    • @smallretiredlife
      @smallretiredlife  3 месяца назад +23

      I love, love, love hearing your story. I’m so happy that everything worked out well for you. Thank you for watching and thank you for leaving a comment.

    • @shanaboles4887
      @shanaboles4887 3 месяца назад +21

      This is encouraging....getting laid off in your 50s is crazy...but be positive..its a pivot to a new beginning

    • @deboraholiver3716
      @deboraholiver3716 2 месяца назад +4

      That's what I did. I had top seniority and made as much as I was going to ever make. The 4 days I was suspended, I looked into my retirement plan. I knew about the cut back on hours for the next School year. I'd make more retiring, paying less taxes. I quite the end of the school year. I did a few other part time jobs until I realized I had more than enough to live. I'm very glad I retired. I retired at 57

  • @benhehe4818
    @benhehe4818 2 месяца назад +79

    I was recently laid of at 60. Yesterday, I received an unexpected check of $691 from a rehab place I visited years ago for overpayment refund. It was the most meaningful check I have ever received.

  • @Gurkha9
    @Gurkha9 3 месяца назад +204

    Laid off at 56 after almost 19 years, a bit before the pandemic. A blessing in disguise that ultimately lead to early retirement. Initially it was a shock to my lifestyle, friends, etc but adjustment happened over several months and now 5 years later looking back i just smile. Luckily i was always a saver and lived below my means without debt. This year sold my house, car and other possessions and will be doing some long term traveling in a matter of weeks.

    • @oscar17891
      @oscar17891 2 месяца назад +7

      you're my dream come true🤩I'm 51 and also a saver, but in Italy I won't have access to any kind of pension until I'm at least 67-69 (for now, things are looking even worse in the foreseeable future). And I've been working 9 to 5 non stop since I was 20😭

    • @vickyb9918
      @vickyb9918 2 месяца назад

      @@oscar17891 sounds similar to the US. I’m 57 and can access social security at 62 but full retirement benefit won’t be until 67 and I can’t get Medicare (government healthcare) until 65.

  • @aathompson19
    @aathompson19 2 месяца назад +39

    This happened to my hubby years ago at 55 years of age and 6 months before his 25th year of working for that company. He was blindsided and never got over it. I tried everything I could to get him out of his depression, but to no avail. Like you said, how you successfully rebound from this is to take the proverbial bull by the horn and flip the script. Thank you for bringing your story to us. This will help a lot of people. 🙏🏼

  • @arcadia1081
    @arcadia1081 3 месяца назад +64

    I am 57 and raised my kids so never had a career sadly, but i am proud of being a stay at home Dad when 15 years ago I was exotic, alone with my kids, really alone as no mother would connect with me. Now that my kids are out of school I found something new to do - delivering newspapers! At first I was feeling too proud but I asked about it and was told you choose when to work, wait till the good weather etc. You get an area and maybe 300 papers to deliver per area. Also an area of "forbidden" houses who hate circulars.
    Well I get my papers Wednesdays and Fridays. I now have a trailer on my bike and am quite fast in each area. I get to work outside in fresh air and often sun and love chatting to people - today I got free apples from a lady plucking her fruit! So if you have absolutely nothing, go and do that!

    • @NewStart1971
      @NewStart1971 2 месяца назад +4

      @@arcadia1081 That's incredible 👏

  • @larahporter8123
    @larahporter8123 3 месяца назад +310

    I was laid off at 50 and it hurt so much I never recovered. I still hate my ex company and ex bosses and ex co workers, it was too much to handle, after I almost gave my life for the company, I even battle with kidney cancer while I was always on time with my work and taking more work to help others and "the team". I still feel like crying when I remember, so I prefer not to remember. I was never the same person after that, no more working with passion and over time... no more going the extra mile, no more honoring the company's mission and vision... I just died inside. Yep, that' how much I loved that company. I will never ever love another company like that again, I learned my lesson the hard way.

    • @TLA123y6f
      @TLA123y6f 3 месяца назад +38

      This makes my heart hurt for you and also angry at this kind of betrayal. How can people sleep at night - do they just have no conscience? I understand being changed by life situations. I'm there too.

    • @Happybidr
      @Happybidr 3 месяца назад +22

      I’m sorry that happened in a way that affected you that way. I’ve also been let go, but honestly it pretty much turned out for the best. Got much better jobs and moved into the career I was meant to be in, that I loved. I never grieved any lost job, because I always want to move around rather than stay in one company. Fortunately that is the nature of the field I was in; you rarely stay anywhere beyond 4 years. You gave a lot of yourself, so just take it back and get so busy that you just don’t think about them with any feeling at all. Best of luck.

    • @kazbah1217
      @kazbah1217 3 месяца назад +26

      Me too, same experience. I have nothing left in my tank anymore now.

    • @Dentos19
      @Dentos19 3 месяца назад +32

      Sorry to hear this I lost my job due to stress I also loved the job and the company fir16 years,not even a phone call from my manager,took me a long time to recover but I’ve done it,lost my wife last year with a brain tumour after 52 years can’t tell you how devastated I was,but I’m celebrating my 52 years with her,I’m playing bowls,cooking and with the love of my family and great friends I’m really happy,so go forward and enjoy every day I’m. 75 this year👍

    • @daynasafranek7807
      @daynasafranek7807 3 месяца назад +15

      I did something similar, but didn’t experience cancer (I’m so sorry you did), and I still can’t stand any of the people or the company I worked for. I prefer not to think of them. I quit… but waited until the busy season and they were short staffed. That felt great. About a year later, I sent a beautiful note card to the HR director and told her that my life had improved since I quit. I was in the hospital for six weeks and I was never told to re-enroll for insurance and was offered COBRA (as a full time employee still). It was then that I decided to work there until the right time to quit. I told her I didn’t want COBRA insurance… what an a-hole company. It felt great to quit a company that was petty to all of its employees. I was 35 at the time, but now I’m 50. It’s hard to be older in any job field and yet they expect us all to retire at 67. I learned to avoid any family or small businesses because they were the most toxic, always!

  • @MagarethWoods
    @MagarethWoods Месяц назад +65

    Every family has that one person who will break the family financial struggle, I hope you become the one

    • @MeaganGood-yn9wp
      @MeaganGood-yn9wp Месяц назад +2

      Am glad seeing this here today, your recommendation earlier this year was a blessing to my life and that of my family, am so grateful.

    • @ArshbyJushua
      @ArshbyJushua Месяц назад +2

      Is she really that good? I have seen lots of videos about her.

  • @relaxlabmusic1815
    @relaxlabmusic1815 3 месяца назад +154

    It’s so weird that companies think if you are older you won’t be there that long. In reality it’s younger workers who job hop to get more pay, bigger titles, opportunities. I think so many times, it’s 2 years and they are out. Maybe less than 2 years.

    • @smallretiredlife
      @smallretiredlife  3 месяца назад +7

      Yes I totally agree.

    • @cardinal8268
      @cardinal8268 3 месяца назад +52

      I just hired 3 people in their 50s. Why? Because I need people with work history and staying power. Sure I can hire and train a 27 year old but I'll be training another in 18 months. The folks in their 50s stay for 15 years.

    • @sherizuech6562
      @sherizuech6562 2 месяца назад +13

      I agree! The young ones are so unreliable and only want to work when they feel like getting out of bed. Us older ones are responsible and understand that we have bills to pay

    • @cchoi108
      @cchoi108 2 месяца назад

      ​@@cardinal8268thank you wise one.

    • @championfortheunderdog
      @championfortheunderdog 2 месяца назад +9

      I agree. We have so much more experience just by the fact that we are over a certain age. We have wisdom, we can see errors and issues coming our way with better perspective which in itself is like a super power. We do things better because we’ve been doing them longer correcting as we go along.
      Instead of being dismissed,disregarded, and disrespected, we should be celebrated that we’ve made it this far on planet earth without ruining ourselves 😅 being older is a low key super power. Fact

  • @anaheffington578
    @anaheffington578 3 месяца назад +142

    Hi!!!! so glad your channel came on my feed. I also got laid off in 2018 at 56 years old. I also knew 3 days in advance I was getting laid off because my employer's payroll department stupidly posted my severance pay on ADP payroll system which I had access to. (so stupid right!!!) I did not dismiss my boss, but hearing that you did makes me wish I would have thought of that!!!! I did not dismiss my boss, but because I had 3 days of insight I was able to maintain my dignity, remain stoic, I had cleared out my desk and all personal belongings, etc. Thank you for your story!!!! I am excited to hear more.

    • @smallretiredlife
      @smallretiredlife  3 месяца назад +17

      Oh my goodness what a story. There is something nice about knowing ahead of time because it does give you time to prepare yourself. You can kind of think about how you will handle things. Thank you for tuning in and thank you for taking time to leave such a nice comment.

    • @davidliuis
      @davidliuis 3 месяца назад +2

      I hope to see more videos of how handling life right now. I was just laid off a couple ago and the package is running out, The employment market and that good either😅😂

    • @kristinesanta6971
      @kristinesanta6971 Месяц назад +1

      I worked for ADP for 31 years. They laid me off @ 50 years old. It was devastating.

  • @deborahdawes6975
    @deborahdawes6975 3 месяца назад +151

    I got laid off at 62. The signs of coming layoffs were there, just not when, how many and who. My HQ boss made an appointment to call me, so I knew. I wrote the words "I see" with fat black marker on a piece of paper and put it in front of me on my desk. Unfortunately I had to hide it under a file when the local HR VP walked into my office, closed the door and sat down a minute before my boss called. But I remembered my lines ...
    Boss: Your talents are no longer needed.
    Me: I see.
    Boss: If you agree to work six weeks longer, you'll get a generous severence package after that. Or you can leave today and get no package.
    Me: I see.
    Boss: Do you have any questions?
    Me: Just one. Do I work out the details and complete the paperwork with [HR VP] ?
    Boss: Yes.
    Me: I see.
    Boss: Just so you know, these layoffs have been very difficult for me and [his boss].
    Me: I see. Gosh, I hope you're okay. Goodbye.
    That was 9 years ago. I patched some benefits and work together (Thank you Affordable Care Act) to make it to Medicare age. Been retired 6 years. Love it. Enjoying the hell out of it. Still say "I see" quite a bit. It's great for getting control of many situations, believe it or not.

    • @smallretiredlife
      @smallretiredlife  3 месяца назад +12

      😂😂😂 oh my goodness this is absolutely precious. I think I will pass that on to some of my older friends who are still working in case this happens to them.

    • @carolegable4017
      @carolegable4017 2 месяца назад +4

      The power of those two words. I used them in a different situation and they kept me calm and level-headed. But until I read your story, I didn't realize just how useful those words are for a variety of unpleasant situations.

    • @tigerlily1034
      @tigerlily1034 2 месяца назад +5

      I see!😂

    • @ZZealot-y3u
      @ZZealot-y3u 2 месяца назад +1

      I'm so glad you people have made it through these troubles. It's time the younger workers withdraw their loyalty to corporate and it's happening now we see WHY. NOBODY wants to appreciate the loyalty and devotion from their workers. Simpletons running corporate today.

    • @carolynrains-es7kx
      @carolynrains-es7kx 2 месяца назад +1

      I'm just imagining your ex boss's face as you're saying "I see"😅😅😅😅 luv it!

  • @trueleo38
    @trueleo38 2 месяца назад +7

    I love this! I was laid off at 53 just losing my mom unexpectedly months before so now I’m grieving my mom and the job! I’m still looking and hoping my channel kicks in where I don’t have to keep this endless job hunt cycle going!

  • @mikefigures5075
    @mikefigures5075 3 месяца назад +340

    I got laid off 3 years ago at the age of 53 after 18 years on the job. Best thing that ever happened. I turned that into early retirement.😁

    • @smallretiredlife
      @smallretiredlife  3 месяца назад +19

      Oh my goodness good for you. I’m so happy for you - that you’re OK with it and that it was actually a good thing. Thank you for watching and thank you for taking time and leaving a comment.

    • @mikefigures5075
      @mikefigures5075 3 месяца назад +11

      I love that you asked your boss to leave. Wish I had done the same. I didn’t need to hear about how I was below par . 😁

    • @madelinekimbro2440
      @madelinekimbro2440 3 месяца назад +21

      ​@@mikefigures5075 if you were with the company for 18 years I hardly think you were below par. You were probably a great employee! Good for you that you are able to retire! Enjoy your time!

    • @velvetindigonight
      @velvetindigonight 3 месяца назад +2

      Brill! Enjoy/Injoy too!

    • @johnsonshieh50
      @johnsonshieh50 3 месяца назад +5

      I like your attitude!

  • @PurpleSoulMKE
    @PurpleSoulMKE Месяц назад +12

    I am so happy I stumbled upon your channel. I was laid off 10 years ago at the age of 40 and a few months shy of 20 years of service. I was going through a divorce, I had a troubled teenage son, a daughter in college who became a single mom, I lost my home, it was a HUGE adjustment for my kids and I was just lost. I had enough strength to start a small business to support myself financially, and I just kept going. Next month I hope to turn 50 years old and it occurred to me, recently, that I never gave myself a chance to grieve. I’ve made a lot of mistakes over the last 10 years so I’m still working things out. But I’ve never felt more hopeful, confident and inspired than I do now. All the things and validation I thought I needed and wanted 20 years ago, isn’t important anymore. If I’m blessed to live another 20 years I think it’s a good chance the things I worry about today will no longer be an issue then.

    • @smallretiredlife
      @smallretiredlife  Месяц назад +1

      Thank you so much for sharing your story. For sure life is a journey and often times we look at things that happened 10 years ago and realize that they were pivotal in making us who we are today for the better.

  • @dianesgardeninspiration
    @dianesgardeninspiration 2 месяца назад +19

    I was just laid off 😔 I appreciate your tips. I believe that God is good and when one door closes, another one opens. I haven’t had time to grieve yet…..I need to reflect on what I want to do with my life. Thank you for sharing… wishing you and everyone that finds themselves in a similar situation well. 🌻🌻🌻

  • @Lamarche1959
    @Lamarche1959 2 месяца назад +215

    Do not listen to anyone telling you to work on beyond 56. I hit my 35 years of national insurance contributions when I was 55. I'd prepared my path ten years earlier. I invested (95k with the help of my Fa). We sold up in the UK at 55 and have lived on the proceeds since then. I have a private pension which started aged 60. My full State Pension finally starts in 3 weeks (I plan on investing it all for my grandkids secret nest egg) Every day is absolutely amazing. Don't work a day longer than you have to. The clock is ticking. We are not slaves to the system. No Government can tell you when to stop. Go find your own freedom.

    • @phyllisburtonhearsawho
      @phyllisburtonhearsawho 2 месяца назад +6

      Wow this is really impressive...congrats on your success

    • @KathHarnell
      @KathHarnell 2 месяца назад +1

      Please can i get your consultants info? or should i drop mine for privacy sake ?

    • @smallretiredlife
      @smallretiredlife  2 месяца назад +8

      What an empowering statement. Thank you!

    • @Lamarche1959
      @Lamarche1959 2 месяца назад

      @@smallretiredlife You're very welcome! Her name is Susan Kay Mack

    • @CorazonDesignsandpeople
      @CorazonDesignsandpeople 2 месяца назад

      Definitely. Am glad you found your own freedom ❤❤❤

  • @Joysart360
    @Joysart360 3 месяца назад +67

    Thank you for sharing. I was laid off in March of 2023, which is around the same time I turned 60. I went through the grieving process as you mentioned and I also tried finding another job right away, however after applying for hundreds of jobs over the last year and a half with no luck. So I'm now coming to the realization that I am retired and starting the next phase of the process of acceptance and figuring out next steps.

    • @smallretiredlife
      @smallretiredlife  3 месяца назад +5

      Firstly, thank you for watching my video and leaving a comment. Welcome here. I am so sorry to hear you got laid off the age of 60. It’s really hard! But I have to say being retired is absolutely lovely. Finally an opportunity to do things that give you pleasure, joy, and make you happy. I hope everything goes well for you.

    • @MsHeidiHello
      @MsHeidiHello 3 месяца назад +6

      I'm glad I'm not alone in this! Getting laid off is SO humiliating. However, Reina (sp?) makes a good point below: it's a chance to make a better life for ourselves. :)

    • @firefeethok_tui2355
      @firefeethok_tui2355 3 месяца назад +3

      Keep the faith ladies. Think anout something you do well or enjoy, and seek that. It might be different but we live a long while now. Be healthy, sell yourself and seek someyhing you can be good at❤. Its tough getting the interview. Be real, authentic and let them see you.

  • @daisyfieldparrks9320
    @daisyfieldparrks9320 3 месяца назад +16

    I believe God sends devine intervention, this morning it was you via RUclips. I wish I had this video 11 years ago when it all happened to me here in America. It’s been downhill since that time in terms of securing a full time job, but the “TAKING CONTROL OF YOUR LIFE SITUATIONS” is so key!!! I am at the point of no income, living with family and only a few years from 60, but this is NOT how my story is going to end! This video was extremely insightful. Thank you so much for putting it out into the universe to help others. Looking forward to more, I definitely subscribed! Keep going.

  • @janeminty6947
    @janeminty6947 3 месяца назад +92

    Nice video! I left my job at 62. I really liked my job but the stress from poor management (my opinion) was making me feel awful ! It’s been a year. I feel great! The best advice I could give to the generation behind us, is to save when you are young ! If you put away a little for a long time, you will have a lot of money ! Compounding is amazing! Your future self will thank you 😆

    • @smallretiredlife
      @smallretiredlife  3 месяца назад +9

      Thank you for watching my video and leaving a comment. Welcome here. I so totally agree with absolutely everything you’ve written. And having worked at corporate gigs pretty much my whole career, I totally understand how stressful it can be if you have poor management. I’m happy that things are working out or at least it sounds like things are working out!

  • @rickazca774
    @rickazca774 3 месяца назад +120

    I do relate to your video and everything you said. . I was laid off at 31, 44, and 55 and 60. Lessons learned - 1. No such thing as job security, college degree or not. 2. Put aside money just in case. 3. Keep your skills marketable. 4. There are a ton of other jobs out there. 5. Keep your bills to a minimum. I've had 3 cars my whole life and had no kids. That was a HUGE savings. I'm 64 now, still no retirement in sight, work 60 hours/week to keep ahead of inflation. You do what you can to keep things moving forward.

    • @Lady_Ra
      @Lady_Ra 2 месяца назад +8

      Why no retirement in sight?

    • @rickazca774
      @rickazca774 2 месяца назад +5

      @@Lady_Ra The unpredictable nature of inflation. I don’t want to end up a Walmart Greeter. I know folks who retired, savings sunk pretty fast and they scramble to find work again. I’ll keep working as long as I can. Will reevaluate in two years.

  • @KSF2010
    @KSF2010 3 месяца назад +110

    I'm happy I found this video. I'm 62 and was laid off some months ago. I found your video very inspiring.

    • @smallretiredlife
      @smallretiredlife  3 месяца назад +2

      Oh my goodness! Welcome here and I’m so sorry to hear you got laid off. It really is so much harder when you’re older. But I know you can do it. I know you’ll be just fine. Take care of yourself first.

    • @ACCOMPLISHEDSHEIS
      @ACCOMPLISHEDSHEIS 3 месяца назад +2

      Luckily at 62 and not younger. At least you can get SSI Retirement.

    • @sfstucco
      @sfstucco 3 месяца назад

      @@ACCOMPLISHEDSHEIS- Hi. I’m curious: How will you be handling your healthcare coverage until 65?
      I turned 63 recently and just got laid off. My severance will cover 3 months of my health insurance (well, the previous coverage rate), but I have yet to look at coverage on the open market. I assume finding out COBRA costs will give me a seizure!
      Sorry to hear you’re in this situation, too. ✊

    • @christophermiranda8126
      @christophermiranda8126 2 месяца назад +1

      It happened to me at 62. Called to HR and walked out of the office. It happened to a few others. It was shocking. Thanks for your video. It’s very encouraging.

    • @globalfamily8172
      @globalfamily8172 2 месяца назад +1

      I'm so sorry. Best of luck.

  • @ciscokidfab7595
    @ciscokidfab7595 2 месяца назад +8

    I can relate. Aged and injured out of my military career at 50. The grief of career and importance is real. But Lucky for me, my wife plans very well. We sold and downsized. Six years later, no mortgage or car loans. Now I volunteer and do what I want to do. Congrats on your new life.

  • @kayfujio8349
    @kayfujio8349 2 месяца назад +55

    English is not my first language and I was single mom and was laid off at 50. After that I decided what I always wanted to do. Go back to school and get the degree. It took for two years to prepare and enter 52 and that year my daughter graduated college, too and graduate 56. Now I am 71 and look it back, it was the best thing I did my life. I lost all my 401K but no regrets now I met a wonderful guy at 60 and happy ever after.

  • @charlenecundy1690
    @charlenecundy1690 3 месяца назад +16

    My company sold and I was laid off at 60; I worked there for 28 years, it was hard on me as I’ve always worked. Thanks for your story and great attitude ❤

  • @carrie668
    @carrie668 3 месяца назад +8

    I just came across your lay off story. Thanks for such a good sharing. I was laid off this June right after my 60 birthday. I wasn’t shocked and panic when they told me that morning because I have been feeling it’s coming one day from the pattern of this company and the worst management I have ever encountered. I am glad that this happened instead of walking away by myself. The package they have me was small but helpful for me to enjoy a couple months without worrying about the living. You are right that this is the time for self to rethink and recharge. I am very happy that I finally have time to sit at my garden every morning to enjoy coffee and my garden❤

  • @tobigee3479
    @tobigee3479 3 месяца назад +15

    So happy to run across you. I’m in Lethbridge I’m 60 and retired during Covid at 57. I’m loving it!
    Nice to see a Canadian speaking on this. Good luck to you. I’m subscribed now. 👍

    • @smallretiredlife
      @smallretiredlife  3 месяца назад +4

      Welcome here fellow Albertan! Thank you for watching!

  • @hsoderberg6505
    @hsoderberg6505 3 месяца назад +132

    One can panic, cry & then take control. There is nothing weak in expressing emotions.

    • @patrickwilliams1801
      @patrickwilliams1801 2 месяца назад +4

      There is nothing wrong in expressing positive emotions and going forward. Not to get angered though. No emotions is like being a machine. We are not machines. We do grieve loss whether a funeral, loss of job, or a friend.

    • @aiai-j7i
      @aiai-j7i 2 месяца назад +3

      Exactly my thoughts! Living in the USA where there is no safety net, it is normal to freaking panic!!

  • @Genniece2719
    @Genniece2719 3 месяца назад +28

    I am so glad I have come across your channel. I have recently been laid off at 58 and it is no joke . Look forward to your future videos.

    • @smallretiredlife
      @smallretiredlife  3 месяца назад +7

      Ugh, I know exactly what you’re talking about. It’s hard. It’s kind of sad because when you’re older, and if you’re still wanting to work, you actually have so much experience and knowledge to offer an employer!

  • @Prariegirl2023
    @Prariegirl2023 3 месяца назад +65

    I was forced to retire from my 35 year career due to health reasons. It’s good to hear how you processed your lay off. It has been very sad for me. I wasn’t ready, lost some great relationships and didn’t realize my identity was wrapped up into it. I chose another occupation that isn’t a fit and feel a bit lost. Trying not to panic but trying to take it one day at a time. Thanks for sharing! All the best to you! Great suggestions too!

    • @smallretiredlife
      @smallretiredlife  3 месяца назад +5

      So sorry to hear you’re having a tough time. Definitely read the book by Ryan Holiday “the obstacle is the way”. That book just really helped me. Thank you for watching and commenting.

  • @NipItInTheBud100
    @NipItInTheBud100 Месяц назад +6

    So glad I found your channel. My wife and I are in our early fifties, and we are also more introverts when it comes to our retirement plans. We are looking to retire in the next few years and it's so refreshing to hear the point of view of someone who doesn't want to travel all the time (we don't mind a little travel) and enjoys a quieter and more relaxing lifestyle. I hope you have a wonderful retirement!!

  • @lyndacarter8508
    @lyndacarter8508 2 месяца назад +9

    Wow! Thank you for this! What an empowering and much-needed video/message!❤ I spontaneously retired after a series of happenings, I lost my mom in Jan. 2024. a month after returning to work (brought mom home on hospice), I was notified I would be laid-off or reassigned. I worked for a school system, so the new position entailed summers off, when school began in Sept. I knew immediately immediately the position wasn't right for me, so I retired, gave them 2-days notice. I am the most content and happiest that I've been in a long time. I am 59 yrs. old and enjoying retirement, while simultaneously still grieving the loss of my mom. Life requires us to continually pivot and make the most of situstions and circumstances.❤

  • @ianthomson3718
    @ianthomson3718 3 месяца назад +34

    I was laid off at 61, looked at all the positives (there were many) and found an ideal job 2 weeks later, even though I was only having a peek to see what was out there. I worked for another 18 months, which gave me time to take stock, and retired 15 months ago at 63. It took me a year to keep reminding myself that the cage door was now open. Now, there is no cage :-). New subscriber. Love the channel

    • @smallretiredlife
      @smallretiredlife  3 месяца назад +2

      Thank you and welcome here. So happy things worked out.

  • @sw6118
    @sw6118 3 месяца назад +144

    Exactly, I was laid off at 50, way too early, from a well paying job in an industry I had come to hate. I went back to school and got another degree that would enable me to do a job that I would like. I could do this because I had gone out of my way to save over the years. I’m now enjoying the work that I do.

    • @smallretiredlife
      @smallretiredlife  3 месяца назад +14

      Welcome here and thank you for leaving a comment. I’m so happy to read that things have worked out for you. Life is too short to be in a job you absolutely despise!

    • @NazASMRSA
      @NazASMRSA 3 месяца назад +10

      back to school at age of 50? wow

    • @MyEverydayGarden
      @MyEverydayGarden 3 месяца назад +2

      What did you study?

    • @drivethrupoet
      @drivethrupoet 3 месяца назад +4

      I would also like to know what you studied because I was laid off at 47 over a year ago and it's bleak. Looked at some licensing programs in healthcare and other stuff, it's still like 2 to 3 years and I just don't believe anyone will hire a 53 yr old to do anything they just started doing.

    • @bjaneharding584
      @bjaneharding584 3 месяца назад +7

      I’ve been hired in my fifties, 60’s , be positive and forget the age. I’m an RN. I WILL find another job. My company was bought out. Think outside the Box You can find something if you want to work. I always take my age out of the equation. Dress professional and look as young as possible. Less make up but a little. Best wishes!

  • @michellewaters1246
    @michellewaters1246 3 месяца назад +32

    I was 58 when I was laid off and it turned out to be a blessing. I spent a year grieving, resting and traveling. When I decided to look for a job, I was able to get my dream job. I stayed at this job until I retired this April. I am enjoying my retirement and I receive a retirement check each month. I am grateful every day for everything that came before this, life could have ended up differently if I stayed in self pity. I try to look at obstacles as a learning opportunity and that makes life more interesting. Thank you for your video it was helpful.

    • @smallretiredlife
      @smallretiredlife  3 месяца назад +2

      Great story and I’m so happy that things have worked out for you. Thank you for watching my video and leaving a comment.

    • @Summergirl65
      @Summergirl65 3 месяца назад

      that is so great! what was your dream job?

    • @michellewaters1246
      @michellewaters1246 3 месяца назад +3

      @@Summergirl65 my dream job was with our county mental agency as a social worker. The best part was my supervisor, she was supportive and allowed us autonomy. And I was able to build up enough time so I qualified to get a retirement check each month in retirement. Working for the county is about the only job in our town that offers retirement benefits.

    • @Summergirl65
      @Summergirl65 3 месяца назад

      @@michellewaters1246 that's great!

    • @TLA123y6f
      @TLA123y6f 3 месяца назад +1

      Obviously you had the funds, or another source of support, to spend a year off grieving, traveling. Not everyone is as fortunate I can assure you.

  • @annadavis6361
    @annadavis6361 Месяц назад +7

    55, almost 56 and laid off, fast forward 2 months later. I have been working hard on my NEW career…installing gardens which is what I’ve been doing all along and getting paid for it but just not as a main source of income…OMG, it changed everything about being laid off. It is currently my main source of income and I love it. I was able to take money saved and money paid out from the layoff to get debt free. So grateful for my journey and I am out sure at this time if I will go back to corporate. Maybe it’s my time to shine on my own.

  • @SusanThomas-o7l
    @SusanThomas-o7l 2 месяца назад +6

    This popped up in my youtube videos - I just lost my job 3 weeks ago, and am 59. I'm enjoying hearing your journey, and what you have learned. Thanks for sharing.

  • @melindacurfman8259
    @melindacurfman8259 3 месяца назад +20

    I was laid off at 60- not what I had planned but you are right - it is what it is. Take a breath and one day at a time. I am looking for work- with no high expectations and just enjoying the little things I never had time for before. A long cup of coffee and a good book!

  • @denisejo10462
    @denisejo10462 2 месяца назад +8

    I don’t know how you ended up in my suggestion list, but 49 year old me would like to say thank you. Since I have seen people in their 50’s over the years get laid off, I am thinking about my next chapter and how to keep income coming in.
    I look forward to hearing more of your story.

  • @Laura-eb8uz
    @Laura-eb8uz 3 месяца назад +17

    Great response from you. I got laid off in England in 2020 at 50 years old due to impact of Covid. Best thing ever. I realised my worth and changed sectors to secure a salary twice what I was on previously. Some employers do value experience and commitment.

    • @Riderules73
      @Riderules73 21 день назад

      What sector did you change to?

  • @heidiespinosa1419
    @heidiespinosa1419 3 месяца назад +41

    OMG I can so relate. At 57 I was squeezed out of 17 years of running multiple businesses under one roof and the last 8 years of it doing it as a single employee office. My original boss died of cancer and the last 6 years I kept things going while his sons were in charge, but they both had full time careers. I made things very smooth for the transition after their father’s death and made it easy for them to sit back and I kept the profits rolling in so they could just focus on their regular jobs. The last year I was employed I could sense something was changing and then I got very sick with Covid and they pressured me to still come in, because they claimed being a one person office there was no reason I couldn’t be at work. I tried to go in and just got worse and ended up home in bed for a full week and upon my return they had decided that I no longer had sick or vacation pay which was owed to me and they refused to pay me and just said they were going to restructure the way forward but would never answer me how no matter how much I asked. They just ignored the question on the phone or when I would text. Next they ignored any major issues that happened and after awhile I couldn’t take it anymore and I just had taken the last straw and up and quit. I knew they would keep on pushing by ignoring me so I would quit knowing full well in the state of TX if you quit you do not get unemployment. 17 years of hard work down the drain. I drained all I had and started a small business and it’s floated me through, but hard at times. Bottom line you can either sink or swim is all I could think of. I’m semi retired, I have my small business but also a part time job. What I have learned is that I will have to work until I die, but also that chasing careers and chasing money is not so important and that time with family is more important than trying to build a fortune that you may not live long enough to enjoy regardless. Yes I might be on a much smaller budget with little savings, but I’m happier now.

    • @smallretiredlife
      @smallretiredlife  3 месяца назад +7

      Oh my goodness this is such a sad story. I am so sorry this happened to you.. I’m glad that you’re in a really good place now

    • @missbiggs9437
      @missbiggs9437 3 месяца назад +8

      RUclips’s algorithm brought me to this channel and by coincidence, to your comment. It was so sad reading your story, how hard and devoted you worked for that family business and in the end how shabbily the successors (sons) chose to treat you. Loyalty and appreciation sure died at their hands! However, I’m encouraged that you are bouncing back and enjoying your new semi-retired life. I wish you every success, happiness and great health for the years ahead! 👍🏻✋🏻🙏🏻

    • @TLA123y6f
      @TLA123y6f 3 месяца назад +2

      I just responded to a poster in a similar position a few minute ago. I just do not understand how people can be so heartless and calous. I've had very bad experiences happen to me, too, and it left it's mark. I'm so sorry you had to go through that.

    • @sct4040
      @sct4040 2 месяца назад +3

      How ungrateful of those sons, if they have any foresight, they would have predicted a 1-employee business has no backup and not a good model. Really Dumb of them.

  • @song8777
    @song8777 2 месяца назад +7

    I don't want to grieve, but I totally love the "take control" part. That's for me! It's so simple, even fun. Those 2 words just snapped something into me. Thx!

  • @cleigh113
    @cleigh113 2 месяца назад +8

    I started a new career at 61 after retraining due to a workplace accident - it's pretty scary and being at the bottom of the office barrel so to speak was a big change for me and something I'm still working through. Thanks for sharing your story!

  • @lindagrimmett6564
    @lindagrimmett6564 3 месяца назад +31

    Yes, COVID put me into early retirement at 59 in February 2020. But later that year I found out I was going to be a Grandma! What a wonderful surprise. And I was able to come and go as needed to help out this new family of mine. 😊

    • @smallretiredlife
      @smallretiredlife  3 месяца назад +4

      Oh, that is so exciting. I have five grandchildren so I can tell you they are such a blessing.

  • @regulartxdude7813
    @regulartxdude7813 2 месяца назад +5

    Excellent, calming video. Thank you. As a 55 year old male I have just been told that 50% of my team will be cut and I am on the list after spending 18 years with the company. They actually told us that higher salary wage earners (typically older staff) are "at risk". But on the bright side I am lucky to have an excellent severance package and I have been living well below my means and saving diligently. With two daughters still in college I will be looking to gain employment fairly soon after my last day. Subscribed :)

  • @karlinebohne789
    @karlinebohne789 3 месяца назад +32

    Thank you for your story. My company has just laid off 3500 people and in a sales role, there is fear of being next. I love the mindset of being in control.

    • @smallretiredlife
      @smallretiredlife  3 месяца назад +5

      Wow! 3500 people! That is just so sad. I hate the fact that people are just commodities to employers. Getting laid off has just such a profound effect on you even if you know that it’s not your fault and it’s just a company doing what is best for themselves. I hope everything works out well for you

  • @doel2083
    @doel2083 2 месяца назад +17

    I love the calmness in your voice.

  • @jacobrocks7
    @jacobrocks7 3 месяца назад +10

    I’m a self employed consultant and began to lose work in 2020 ..I was 50 ..I have since lost over 60% of my work but instead of looking for more work,I decided to work on my personal development while working part time ..I have never been happier ..the loss of funds hurts but you cannot BUY TIME!

  • @reviveflourishandthrive
    @reviveflourishandthrive 2 месяца назад +5

    I am sing, 57, and I had to leave my career 15 months ago because I am physically not able to work full-time hours. I’m currently waiting on Social Security disability decision so right now I do not have an income. I had to live off of the retirement I had saved for 30 years, but that is now gone. It’s not a comfortable situation at all to be in, but there were so many changes already going on in that corporate life style/career I was in that I felt like I was kind of aging out.. Glad I came across your channel.

  • @lisaviviano1568
    @lisaviviano1568 3 месяца назад +259

    I retired at 68 having worked full or part time for 50 years. Waking up every day in control of my own life and decisions, is a blessing beyond imaginable!

    • @smallretiredlife
      @smallretiredlife  3 месяца назад +17

      Absolutely agree with you having control over your own life and your day-to-day is such a blessing. Welcome here and thank you for leaving a comment.

    • @rebeccaoliver7977
      @rebeccaoliver7977 3 месяца назад +11

      Yes, it is!

    • @candyhotlips1338
      @candyhotlips1338 3 месяца назад

      Agree 100%.

    • @cjay233
      @cjay233 3 месяца назад +2

      Thank you. That is what I am hoping for.

    • @Jacquelyndorindachic
      @Jacquelyndorindachic 2 месяца назад +1

      ABSOLUTELY ❤

  • @thechangingtimes
    @thechangingtimes 3 месяца назад +81

    Once you hit the age of 50. Most bosses don’t really know what to do with you. You know more than just about everybody around, and you can also see you right through the BS that so many superiors want to try to sell everybody. Insecure employers want to get rid of workers like that. The goal should be for everybody in life to retire by the age of 50, but of course since we live in the society we do, most of us do have to work into our 60s. Great advice for this video and good luck in all your future endeavors. By the way I love that you dismissed your boss, when they were sitting there like some kind gawking hollow suit. Cheers.

    • @mariko4644
      @mariko4644 16 дней назад

      I remember when the retirement age for SS was 55. Mine is 67 😖. Then there’s the need for insurance…until 65. Paying $1500 premium through the ACA marketplace for a myself and 2 kids. Next year it will go up $200. Ugh.

  • @koksangoh
    @koksangoh Месяц назад +3

    I really enjoyed your candid convo about what happened and I do admire your courage and boldness in life! I'm 47 but felt I have to start preparing for a 'small retired life'

  • @JapaneseSoundscapeJourneys-j3w
    @JapaneseSoundscapeJourneys-j3w Месяц назад +4

    I got laid off about 5 years ago. I was not enjoying the work much but I was going to keep it until I find something I really liked to do. Losing the job before I was ready was very hard. I was feeling down for a long time. But it gave me a chance to deeply think about what makes me happy. I took many baby steps and am still doing it. I have more time now and started to see more people. I am a lot happier now. I don't know what I would be like if I had not lost my job then.

  • @tabous2
    @tabous2 3 месяца назад +8

    Thank you for sharing! It was wonderful to listen to you. The decision to get your boss out the room was golden. I did not have the maturity to do that back then. It is something I regretted for a long time.

  • @LivingRichlyonaBudget
    @LivingRichlyonaBudget Месяц назад +2

    Thank you for showing us that you can be your authentic self and make a meaningful video that connects with a lot of people. Sometimes we just want a simple video with great advice and insights. No fancy editing needed.

  • @rajchoudhary4221
    @rajchoudhary4221 2 месяца назад +17

    i got laid off at 57 again....now re-hunting for same roles that I have done for 30 years . Its hard but I feel am not ready to retire yet, there is more firepower in me ,so I dusted off the past to create a plan , which is under execution. 4 key things I do different now, - to get back into employment 1) own my lay off story -authentic and proud 2) planning to demand more salary 3) putting together my value prop than a resume 4) putting together 2 page of not only why me but also why they benefit. Of course I will compete with people in their 30s and 40s but someone will pay for experience and pay well. keeping my fingers crossed .

  • @lizadams7662
    @lizadams7662 2 месяца назад +10

    I really admire your dignity and how you handled a tough day, and after.

  • @patty4709
    @patty4709 3 месяца назад +48

    I retired at 58 while company was on top. We were bought out by foreign business. Many changes after first year. I was VP and could see the handwriting on the wall. I gave a 30 day notice on Dec 31 st. Best decision I ever made. I had travelled all over the world, attended many corporate meetings, worked on US acquisition. I was tired and wanted to spend quality time with my little grandkids. I am now 85 and have not worked a day since. I was prepared financially to retire early. Now, it’s been the best of times. I did volunteer work one year, play golf, travel, read a book a week, play mind games on my iPad etc. Life is good.

    • @deboraholiver3716
      @deboraholiver3716 2 месяца назад +1

      I retired early. I would like to travel. No one to travel with. I'm content. I have two granddaughters now. They are my world. I can do with them what I couldn't do when raising my own two daughters. That is buy them stuff. My parents couldn't afford anything. It was easy to accept not having extra cash when raising my daughters. Now I retired with more income than I had before. I can buy stuff when we go anywhere. I don't go wild on spending. It's nice to afford the things I couldn't in my youth.

  • @ashleybanksss
    @ashleybanksss 3 месяца назад +14

    I’m young in my 30s but still subscribed because you have a great testimony and mindset in face of adversary. Love your story. Keep it up! ❤

    • @smallretiredlife
      @smallretiredlife  3 месяца назад

      Wow, thank you. I love watching much younger RUclipsrs…if the channel interests me, I don’t even see the age. Plus …there are not a ton of female RUclipsrs in my age group lol…though there seems to be more now.

  • @soundrasimpson7885
    @soundrasimpson7885 Месяц назад +7

    The exact same thing happened to me after the company celebrated my 33 years of service. I was also in my mid-50s and too young to retire. I got my severance package and began teaching school, something I always wanted to do. After teaching for three years, I'm now looking to do something different, but still working in education. As a single, I have always lived in survival mode and did what I had to do to keep a roof over my head. Also, I have always been a woman of much prayer and great faith, so I knew I would be just fine. This is the time I needed because my father had died only months earlier. I transferred my 401(k) and kept it moving. I am living very well and now earning my third pension check with my home being very close to being paid off. When life gives you lemons... 🍋 add sugar and make lemonade. Dont sit aroung being bitter....live and enjoy life to the fullest. ❤

  • @mhrichak
    @mhrichak Месяц назад +2

    So many thanks for sharing your story! I was laid off at 67 but still want to work part time. It's discouraging that I get interviews and then the process stops, and although no one will say it, I know it's my age. Phooey on them! I am forging forward and glad to be doing so ;). I will live a small retired life too!!

  • @4thorder
    @4thorder 3 месяца назад +16

    A similar thing happened to me. Engineer at a company for almost 30 years. Poured my soul into it and then out of nowhere I get a call and that was that. 57 years old and to be honest I was burnt out after that. So I decided that I was done. Took my pension and the buyout and invested it. But then comes the "what the heck do I do now?" Took that bull by the horns and started working with another retired engineer on a futures trading company. I admire your attitude about taking advantage of your opportunity by learning and now sharing with the rest of us. Very refreshing! Oh and great now I am hungry!!

  • @pawlieblog7967
    @pawlieblog7967 3 месяца назад +22

    Hah! I’m in Houston and worked in oil and gas so I’ve been laid off many times! Age 53, 54, and then I freelanced and contracted until I was 59, got another fulltime job for a year and went thru another layoff at 60 in 2020 (Covid times). Been contracting since. I turn 65 next year and I’ve had a great contract job since 2021. May retire but planning ahead and moving to France for my whole new life!! Buying a house there, very exciting.

    • @smallretiredlife
      @smallretiredlife  3 месяца назад

      Wow, awesome story. Yes the oil and gas world is nuts! You have to be hard-core to handle the layoffs that come with an oil and gas life.

  • @Mary-tj5qx
    @Mary-tj5qx 3 месяца назад +63

    So glad i found this. I am 58 and work in tech. I’m confident that next year, likely around May when the next round of mass layoffs come, that i will be let go. In my late 30’s I went through an extremely difficult time after losing 2 people very close to me. This time included a job loss, which really piled on the pressure because i was not at all financially stable. That experience was a time of extreme stress, all of it amplified by my financial situation. This prompted me to make achieving financial independence priority 1, 2 and 3. I achieved FI. So… next year when they lay me off, I’m ready.

    • @smallretiredlife
      @smallretiredlife  3 месяца назад +4

      Firstly, thank you for watching and welcome here. I am so glad to hear that financially you’re ready if you get laid off. There is an amazing feeling about being able to take control. If a bad situation happens I think the tech industry, like oil and gas, is really prone to a lot of layoffs. Good for you for being organized and being ready. I think we’ve had the past and experienced an extreme level of stress due to finances in some cases it’s spurs us to take control.

    • @TLA123y6f
      @TLA123y6f 3 месяца назад +2

      I think it's horrible that corporate mentality just 'throws people away' on a regular basis. How can anyone make plans for the future when there's no stability?

  • @stitchann
    @stitchann 22 часа назад +1

    Thanks so much for sharing your story, I had a very similar thing happen to me and I sure wish I could have had your words of wisdom at the time. I am not 69 and am way past what happened but it still hurts.

  • @jimi94u
    @jimi94u 3 месяца назад +7

    I love the way you handled your boss like a boss. You sound very much at peace now. Happy for you. New sub here.

  • @cherbug1197
    @cherbug1197 26 дней назад +1

    I’m 56 and have my life has taken unexpected tough turns! I appreciate you sharing your journey! Subscribed from Northern California, USA!

  • @kristinesanta6971
    @kristinesanta6971 Месяц назад +5

    Same thing happened to me after working for ADP for 31 years - from 19-50 years old. It was devastating. Took a year off, found a job at a bank and then took an early retirement. Best thing I ever did! Congratulations on your best decision!!🎉

  • @sandyb7475
    @sandyb7475 2 месяца назад +5

    Hi Raina! New subscriber here. I'm thankful I found your channel. At 56, now 57 - I was on medical leave trying to heal and just couldn't get the job done before I had to go back to work. So I quit. Kinda crazy, but it became clear that no job is worth losing your health for. This is a scary time in my life, but I know I have to "get over it" and move on. It was helpful how you laid out the steps to go through. There is no manual for this so it helps to get insights from other people's experience. I'm still on a Time Out but I believe that there is a reason and that I am right where I am supposed to be. I appreciate your channel and look forward to viewing your other videos.

  • @ntiriwa
    @ntiriwa 2 месяца назад +5

    I love that you were baking as you narrated your story 😊it just shows how calm and well you processed the whole situation-I also love that you were so empowered to tell you boss to be absent for the rest of the meeting -exactly right -you don’t need to hear what a “treasure” you were but blah blah blah we can’t afford your valuable service ! Just a number is what I say but life has to be lived ! Thank you for sharing and I’m gonna try your Apple bread yummy 😋

    • @smallretiredlife
      @smallretiredlife  2 месяца назад

      Thank you for that kind comment. I had a couple of comments that criticized the fact that I was talking and cooking at the same time lol. So your comment makes me feel better; thank you.

  • @newwomandouglas2959
    @newwomandouglas2959 2 месяца назад +2

    I just subscribed. So far, I'm loving your channel. I was laid off at 55 from a job that I had been with for 10 years. I was devastated. Not so much the department, but the company. I'm working now but I'm not being fulfilled. I'm looking for something else but happy to be working now. Keep sharing your journey. Thanks.

  • @user-qb1xc1kl8o
    @user-qb1xc1kl8o 3 месяца назад +11

    I am in the my mid-50s and I was laid off earlier this year after 16 years with the company. My laid off was due to the department re-organization. They moved me to this new department prior to the laid off. In that morning, my manager IM me to call him. After he notified me of the layoff, I was given 2 hours to clean up and to have access to the system after 16 years there. During our conversation, my manager said I could call HR to help to find possibly find an internal position. I told him that there is no need because I am going to retire. He was shocked by my response because I am not at the typical retirement age.

  • @low.fuel.warning
    @low.fuel.warning 2 месяца назад +2

    Great video. It showed up on my feed just now. It’s nice you had severance, but it helps to have something saved even when you are employed as you did. The best advice I ever got was to not make decisions based on keeping your job. You will make the wrong decision for yourself, your coworkers and the company. Having something set aside makes it easier to make the right decision.

  • @MsHeidiHello
    @MsHeidiHello 3 месяца назад +10

    Your story is so inspiring! This exact same thing happened to me at age 61 in 2023. At first I found my new time off so therapeutic - I took some trips and enjoyed the summertime here in Wisconsin. However, a year later, I am beginning to wonder what I am really doing with my life to bring me satisfaction and joy. After working since I was 16, I am ready to do what I want to do now with the remaining time I have left on this Earth. Thanks for making the effort to share your story with everyone.

    • @smallretiredlife
      @smallretiredlife  3 месяца назад +2

      Aww, thank you so much for the lovely comment and welcome here. I hope you find your next passion. The awesome thing is that it will be something that you really really want to do and will enjoy. This is what I love about being retired - I love being retired but doing RUclips keeps me really busy and it’s fun. I don’t really care if it doesn’t bring me any money. I’m just enjoying learning new things.

  • @theskiesthelimit-q2k
    @theskiesthelimit-q2k 16 дней назад +2

    I've got to say it, I don't think much of a company that has you come into work and then tells you that you're getting laid off. Shame on them for their lack of decorum!
    I admire your take control attitude! Way to go!

  • @josephinebrevig8748
    @josephinebrevig8748 3 месяца назад +10

    My husband is in a new job he started 1 year ago at 56 here in the UK…it’s a big global company. They have a strong belief in Neuro divergent workplaces. He’s really loving working there. I wish all the best in the future…thanks for the story.

    • @OceanFrontVilla3
      @OceanFrontVilla3 3 месяца назад +3

      Excellent, very forward thinking of them as there's going to be a higher percentage of people who are neurodivergent due to the current generations being mandated to take an insane number of... we all know what.

  • @thelaptoplife6565
    @thelaptoplife6565 2 месяца назад +5

    The apple bread looks delicious 😋 Great video! It showed up in my feed, but I clicked on it because after 15 years the company I had been working for moved forward without me. It has been a challenge to adjust to my new job, but I am learning a lot about myself and my abilities. There's no sense in focusing on the negative. Use that energy to seek new opportunities. For US viewers: we do have unemployment benefits for people who worked a year in their last job. The programs are regulated by the federal government but administered by the state.

  • @AlGrant-bh9or
    @AlGrant-bh9or 3 месяца назад +6

    Your outlook is an inspiration to many, during their time of trials. In '88 I was about 30yr old and faced similar job loss, albeit with a wife and 1yr old son to provide for. Staying positive and proactive are key to staving off depression. At 67yr, I thank the Almighty for the strength to get thru all of the speedbumps. Thanks for the memories!

    • @smallretiredlife
      @smallretiredlife  3 месяца назад +1

      Thank you so much for that lovely comment. Glad things have worked out for you. Life truly is a journey.

  • @DeathByFashion1
    @DeathByFashion1 3 месяца назад +13

    I was laid off once when I was 19-21 and I was devastated. I remember having nightmares for a while about that day 😅 this manager always praised me and this day at 430 called me to her office and told me I was not a good fit and handed me my check and said I was paid till 5. Little me had no idea how the real world was 😅
    I’m glad everything aligned for you to come out on top❤ and now I’m a believer that everything does happen for a reason so even when I’m afraid I trust❤

  • @meomeomeomeow
    @meomeomeomeow 2 месяца назад +3

    Had this happen to me at 36, looking back I'm grateful for that experience, helped me to learn so much about humility, life, and how little a job really mattered in the span of our lives. Always be prepared, take care of your self, take care of your loved ones, everything else will fall into place.

  • @cartoonheart1111
    @cartoonheart1111 3 месяца назад +11

    The same thing happened to my husband 6 months ago after 22 years as a senior manager at a company. His age is 52. He said he knew it was coming when the HR manager showed up first thing on Friday morning. Thank you for sharing. Wishing you all the best ❤

  • @ayeshas.3727
    @ayeshas.3727 3 месяца назад +33

    Before you said I knew you were going to ask your Manager to leave and it was a BOSS move.

    • @smallretiredlife
      @smallretiredlife  3 месяца назад +8

      Thank you I really appreciate this comment lol! Honestly, it was like the only thing I could control in that situation!

    • @ayeshas.3727
      @ayeshas.3727 3 месяца назад +6

      @@smallretiredlife no problem. I work in HR so thoroughly appreciate and respect that move.

  • @sandragrasdock6377
    @sandragrasdock6377 2 месяца назад +4

    Thank you for sharing
    I actually chose to retire 2 1/2 months ago at age 58 1/2.
    I was beyond burned out and decided it was not worth the toll it was taking on me.
    I want to get a little job at some point but don’t want to be a high level manager anymore.
    I am blessed to have no debt and a supportive husband ❤

  • @Rdz2012
    @Rdz2012 2 месяца назад +3

    I appreciate how transparent you're being. Your experience and advice goes a long way. ❤ Thank you

  • @lynnhamilton582
    @lynnhamilton582 Месяц назад +2

    How refreshing to watch this video! Year 2002-downsized out of a company i had spent 17+ years building a career. I WAS 40. Year 2012- fired due to underperformance. TBH, I coclude that thr brain fog of menopause combined with unsupportive management played heavy here. I WAS 50. Year 2022- I left my job of a family owned business, took a huge paycut to remove myself from a toxic environment. I was 60! What a crazy ride. You bring up so many valid pointers...take time to grieve the loss and reset your identity(often tied to your employment/career)...invest or save while you are working, so your future self will thank you...don't let your supervisors take your dignity away. Today I work mostly from home, enjoy life/work balance and appreciate every day, knowing tomorrow I could be unemloyed, struck by illness or disease,incapacitated or dead!

  • @jaysreetad9980
    @jaysreetad9980 3 месяца назад +6

    I lost my job in layoffs in my early 50s. Was mad, got drunk, got 3 speeding tickets then started brushing up my skills in database, automation bla bla. Took a position even though I needed to travel to client place and live in hotel(paid by company) then found local job within 2yrs
    It’s very hard to deal with, it’s not that I was bad at work but no buttering the boss who had lot of help from me when he joined
    Keeping up with changes in your field really helps

  • @dschultz6981
    @dschultz6981 3 месяца назад +10

    This was me, too. I wish I had asked my boss to leave when I got the news. She is a nice person, but I didn't need the excuses. I grieved, probably for longer than I should have. But it was a shock, especially since our team was replaced with much younger people.
    I'm in a good place now. Our savings have allowed me to work PT, so I spend the remainder of the week doing things I love - playing with our grandkids, working on my writing, going to yoga. It's not the way I thought my retirement would happen, but we're making it work and I'm thankful for it.

  • @ChristianJacquet9
    @ChristianJacquet9 3 месяца назад +347

    I got laid off after 29 years in an electric utility in the end of 2009. It was tough - I had to sell my home, go through a divorce, and take on debt. But I didn't give up. I got expert help to fix my finances.
    Saved smart, maximized my 401(k), and invested wisely. Now, at 65.5, I comfortably live on Social Security and my savings, with growing investments.
    My retirement income exceeds my former $135,000 salary! Expert advice made this possible. You don't need a million dollars to retire happy. Seeking help was the best decision I ever made.

    • @brianmurphysn
      @brianmurphysn 3 месяца назад +17

      Thanks for sharing! I'm nearing retirement, still recovering from my layoff. Your story inspires me to explore new purposes. How did you navigate the emotional and financial transition? What advice would you give to someone seeking a meaningful retirement?

    • @ChristianJacquet9
      @ChristianJacquet9 3 месяца назад +18

      Thank you for your kind words! I'm glad my story resonated with you. Navigating the emotional transition after my 29-year layoff was toughest, but I found success by allowing myself to grieve, focusing on self-care through exercise and meditation, and reconnecting with loved ones. Financially, seeking expert guide from a seasoned financial expert, creating a budget, and maximizing my 401(k) and investments were crucial. For a meaningful retirement, I advise defining your purpose through volunteering, hobbies, or passions, building multiple income streams, and staying flexible and open-minded. Remember, retirement is a new chapter - embrace the unknown and explore opportunities to grow and contribute.

    • @brianmurphysn
      @brianmurphysn 3 месяца назад +6

      Who are you working with please?

    • @johnketh-n9v
      @johnketh-n9v 3 месяца назад +18

      Being laid off at 57 was a blessing in disguise. After initial shock, I adjusted and now cherish freedom and simplicity. Living frugally and saving enabled a smooth transition. Now, I'm excited for long-term travel and a new chapter.

    • @gvon6358
      @gvon6358 3 месяца назад +8

      Another stupid advertising bot!! Don't fall for this people!

  • @Alecmcq
    @Alecmcq 3 месяца назад +57

    I was a little more fortunate than you… I was laid off at age 60. For me, that was perfect! They paid me lots of money to go away, and I also decided to retire. Great decision, I love retired life.

    • @smallretiredlife
      @smallretiredlife  3 месяца назад +7

      Ugh! I am so jealous. If that had happened to me at 60, I would’ve been cheering and running down the street in complete joy. As it was, I had to wrap my head around it a little bit more but it still worked out. I definitely do not miss working….ever.

  • @rachaelnuchols764
    @rachaelnuchols764 3 месяца назад +22

    When I got laid off I couldn't take time to process, I was single mom, 3 kids, I had to take the first job I could while still looking for better job. It would have been nice to take some time. Glad it's worked out for you ❤. Great video

    • @smallretiredlife
      @smallretiredlife  3 месяца назад +3

      Yes, I agree. That’s very stressful when that happens. I have two children and I’ve been laid off when I was younger and they were still little. Same thing here, I had to go straight back to work. find a job right away. I was super lucky in that I was always able to find work almost immediately after I got laid off because of the field of work that I was doing. At that time there were not that many people doing what I was doing so I was in a good position. Not everyone is in that kind of a situation. I think it’s that situation that really spurred me on to take as much control of my money as I possibly could. My savings mentality was definitely caused by trauma.

    • @firefeethok_tui2355
      @firefeethok_tui2355 3 месяца назад +1

      I cant imagine the stress that would bring. But Keep at it. Plan far in advance with baby steps for yourself to fet to where you see yourself. Time will pass by. Good luck amd hope youre doing well.

  • @RedVelvetLines
    @RedVelvetLines 3 месяца назад +14

    Laid off at 39 after a 15 year career in project and program management. After 2 years being unemployed and only landing ONE interview, I'm getting a second masters to become a teacher. Ultimately, the security and fulfillment will mean far more to me than a higher salary (that comes with so much uncertainty and no guarantees). I'm still grieving the layoff because I made the mistake of tying my identity too strongly to my title and salary.

  • @LifeStories93
    @LifeStories93 2 месяца назад +17

    To all who are overwhelmed or hurting-I pray that you find comfort and insight. May peace fill your life, and may your anxieties and fears give way to positivity and belief. Amen.

  • @inspire_artfull_life
    @inspire_artfull_life Месяц назад +3

    Hi Rena, I just found your channel this morning and I've already watched a few of your videos. Can't wait to watch the rest. I have a similar experience but I'm a bit older when I was 61 company I worked for for almost 20 years restructured and that was the end of my job I did get a pretty good Severance and a bit of unemployment. It's been a year and a half, and that is gone. I'm really not financially ready to retire but finding a job has been a nightmare like you I've applied for so many jobs and I'm pretty sure people don't want to take a chance on someone in their 60s even though I plan to work until at least 70. I started my own RUclips channel and it's been rewarding. I also I'm trying to support myself with my painting so that is the direction I'm going in RUclips. Thanks for your insight it is reassuring that there are others going to the same predicament as myself. Keep up the good work.🤩

  • @mikesawyer4707
    @mikesawyer4707 3 месяца назад +29

    I retired early, yet after the reception and all the cards and letters of well wishing I had an issue with separating myself from my former career that I spent over 35 years doing. Everytime I visited, the small college campus that was so much of my adult life I felt just a little guilty. I could not put my finger on why. Even through I was always welcomed warmly by my former staff and co workwrs I cound not help but feel that guilt. In the end I just decided to just hook up with a few people who had retired a few years earlier than myself and we would do lunch or just do a coffee and that did the trick I got to a place where I did not miss the campus any longer. It has been seven years now and I continue to keep in touch with friends from my campus life I am very satified now. Thank yiu for taking the time to read my story. God bless. 😊

    • @smallretiredlife
      @smallretiredlife  3 месяца назад +2

      Thank you so much for watching and for commenting. I agree with you. It’s really hard to kind of figure out who you are after you retire. So much of our personality is enveloped around our careers!

  • @stephtraveler7378
    @stephtraveler7378 3 месяца назад +17

    LOL. I did the same. I interrupted my boss and told him to stop w/ the canned layoff speech. I had actually been hoping for a layoff for quite a while. Had I retired, I get nothing except a stupid party from people I'll never see again. But, a layoff got me severance, 401k matching, and healthcare for a few years. So, I welcomed the news, thanked the boss, and split. Its been a few months at 59 and I think its going well. My CFP says I have enough money.