Forced Into Retirement Early – Now What?

A listener in his early 60s thought he had five more years of work ahead, until a surprise layoff changed everything. In this episode, Matt and Jacob unpack a listener question about how to move forward after being forced into retirement earlier than expected. They walk through key considerations for anyone in a similar situation: how to handle severance and stock options, when (or if) to pay off a mortgage, how to approach early healthcare coverage before Medicare kicks in, and whether finding part-time work or consulting could be part of the solution. Here’s some of what we discuss in this episode: Managing severance and stock option decisions Should you pay off the mortgage now? Health insurance before Medicare- what to know Part-time work and its impact on your plan Why purpose is your first planning question 0:00 – Intro 0:59 – Listener question 3:50 – Early retirement checklist 6:20 – Consider health insurance 7:06 – Keeping tax levels low 12:00 – Gig work and consulting: pros and cons Resources for this episode: What Issues Should I Consider Before I Retire? https://perspective6group.com/wp-content/uploads/2025/04/What-Issues-Should-I-Consider-Before-I-Retire-2024-1.pdf Other Resources Our website: https://perspective6group.com/ Phone: (952) 225-0333 Email: [email protected] Schedule your no-cost consultation: https://perspective6group.com/start-here/ Essential Financial Guides 5 Ways to Maximize Your Medtronic 401k Plan Guide: https://perspective6group.com/guide/ Stock Compensation Tax Form Checklist: https://perspective6group.com/stock-compensation-tax-checklist/ ESPP: A Comprehensive Guide: https://perspective6group.com/espp-guide/ Check out our other no-cost financial resources here: https://perspective6group.com/resource-center/ Stay Connected Check us out on YouTube: https://www.youtube.com/channel/UCZFSiozlOWNDN0PbgF6HzSA LinkedIn: https://www.linkedin.com/company/perspective-6-group/ Instagram: https://www.instagram.com/medtechwealthadvisor Read our disclosure: https://u.pcloud.link/publink/show?code=XZkBy85ZfCq9xrsUw3uau8CVXYswO7wuJAFX