At age 62, I was laid off from my job when the small landscaping company where I worked as a bookkeeper was acquired by a Canadian conglomerate. I had $10,000 in credit card debt at the time and aside from unemployment benefits, I had no other source of income..... her story and more ....
I live alone and, after helping my kids with their finances, I have no major savings. I had to sign up for Social Security early just to keep my head above water.
Daniel Ryan, 63
First, we got slammed on 9/11. It was supposed to be my first day at a new job as a marketing manager for a poster maker. After being stranded in Tennessee for a week [when all flights were grounded], I returned home to Kansas only to find an email that said the company decided not to fill the position after all. They were scared of what was going to happen with the economy.
I retired from my job as an aerospace engineer at Lockheed Martin when I was 60. At that time, I had originally intended to wait until 66 or later to take Social Security so the benefit would be as high as possible. I had invested for more than 30 years, and my plan all along was to be taking money out of my IRA.
John Meek, 64
I worked as a VP of marketing and product development for a Fortune 500 company, and I loved my job. But in mid-2005 the company was acquired. I was 59 and was offered a good retirement package, and I took it.
Paul Henderson, 62
Just a few of the stories out there.