4 Steps to Take if You Lose Your Job Near Retirement

Being let go from a job later in life can lead to financial disaster, but there are some things you can do to help lessen the damage.

An older man carries a box of belongings after losing his job near retirement.
(Image credit: Getty Images)

Many people are finding themselves out of work right now, and some may be getting close to retirement. If you suffer a job loss near retirement, there are steps you can take to make sure your finances are safe.

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Tony Drake, CFP®, Investment Advisor Representative
Founder & CEO, Drake and Associates

Tony Drake is a CERTIFIED FINANCIAL PLANNER™ and the founder and CEO of Drake & Associates in Waukesha, Wis. Tony is an Investment Adviser Representative and has helped clients prepare for retirement for more than a decade. He hosts The Retirement Ready Radio Show on WTMJ Radio each week and is featured regularly on TV stations in Milwaukee. Tony is passionate about building strong relationships with his clients so he can help them build a strong plan for their retirement.