First post, let me introduce myself.
I am 60. Wife is 60. Both of us planned to work until 66.
August 2010 I was terminated from a sales job making $55K per year. 24 year company employee. Sales Manager and Division President terminated for a very bogus reason, untimely response to customer request. I knew it was bogus, I had largest Sales$ territory in the company. After I got severance package and signed release agreement, the sales manager hires his 25 year old son as my replacement. That sucks!
Age discrimination issues are present for filing with EEOC. However have been advised by legal counsel, filing an EEOC claim is easy, winning that claim is difficult.
I am now over the shock after three months after termination from sales job. The anger and bitterness toward former company is still in my mind and emotions, just not as intense.
My wife is 60 and long time school teacher. Her salary is $70,000 per year. With my unemployment benefits and her salary we are paying the bills. Lowered our lifestyle and after three months we are doing ok.
Met with Financial Advisor shortly after my job termination. After doing the math with him we should be ok both short and long term financially.
I would prefer to find employment,jobs are hard to find to replace a $55K income.
Have other Early retirees on the board been in this situation. Would appreciate comments from other members.
Thanks and looking forward to boards!