Episode 117: "I'm in My 60's & Got Laid Off. Now What?"

🚨 Laid Off in Your 60s? Here’s What to Do Next! 🚨 Life can throw unexpected curveballs and getting laid off in your 60s is one of them. But don’t panic! In this episode, retirement expert Tom Mosley dives into 5 crucial steps that will help you navigate this challenging time with confidence and clarity. Here’s what we cover: What to do the first 24 to 48 hours The first things you should assess Creating an immediate Needs Checklist Determining whether you go back to work or retire & the financial impact of claiming Social Security early.Understanding the tax implications of tapping into your retirement funds or receiving a severance package. This episode is packed with practical advice to help you turn this setback into an opportunity for a secure and fulfilling next chapter. Don’t miss it—your future self will thank you!   Jump to a segment using the 𝘁𝗶𝗺𝗲𝘀𝘁𝗮𝗺𝗽𝘀 𝗯𝗲𝗹𝗼𝘄! 👇   TIMESTAMPS 00:00 Laid off near retirement? What Should You Do? 00:15 #1 Take a breath. 01:45 #2 Analyze where you are. 03:18 #3 What are your immediate needs? 05:31 #4 Will I go back to work? 07:12 #5 Be careful about your taxes. 09:20 How a retirement plan can help you through a layoff and beyond. 10:23 Securing additional help on 401K strategies and retirement planning. Have specific questions for Tom and the team at Mosley Wealth Management? Contact us here 👇 https://mosleywealthmanagement.com/contact/ =========================================== If you enjoy this content, please 𝐒𝐔𝐁𝐒𝐂𝐑𝐈𝐁𝐄! https://www.youtube.com/channel/UCPMvD3G1cZA1Kz4CKnwynhA?sub_confirmation=1 ===========================================    ⭐ 𝐂𝐎𝐍𝐍𝐄𝐂𝐓 𝐖𝐈𝐓𝐇 𝐔𝐒 𝐎𝐍 𝐒𝐎𝐂𝐈𝐀𝐋 𝐌𝐄𝐃𝐈𝐀⭐ - Facebook: https://www.facebook.com/mosleyeaseintoretirement - Instagram: https://www.instagram.com/easeintoretirement/ - LinkedIn: https://www.linkedin.com/company/mosley-wealth-management   Learn the key components you need to include in your retirement plan: Check this video out: https://youtu.be/QkJzvbZ_gDs #LaidOffNearRetirement #LayoffsNearRetirement #RetirementIncome #RetirementPlanning #RetirementStrategy #FinancialEducation #FinancialLiteracy #HowToRetireEarly #RetirementPlanningAt50 #RetirementPlanningAt60 #HowMuchDoINeedToRetire #HowToRetireEarly #RetirementPlanningTips #FinancialAdvisor #SocialSecurity   DISCLOSURE: Investment advisory services offered by duly registered individuals through Mosley Wealth Management, Inc. (“MWM”). MWM and Mosley Insurance and Financial Services are affiliated companies by common ownership. License # 0K76766 Investing involves risk, including the potential loss of principal. Any references to protection, safety, or lifetime income, generally referred to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength claims paying abilities of the issuing carrier. This content is intended for informational & educational purposes only. It is not intended to be used as the sole basis for financial decisions nor should it be construed as advice designed to meet the particular needs of an individual situation. All hypothetical examples are provided for illustrative purposes only; they do not represent real life scenarios. Mosley Insurance & Financial Services nor its agents or representatives may not give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any investment decisions. Our firm is not affiliated with or endorsed by the US government or any governmental agency. Some of the information provided may be from one or more third parties which we believe to be reliable sources, but accuracy and completeness cannot be guaranteed by Mosley Insurance & Financial Services.For more information go to: www.mosleywealthmanagement.com