In today's fast-paced world, job security can often feel like a fragile concept, especially for those in their 50s. In this episode of the Money Wisdom podcast with Jake Doser, CFP®, CPWA® and Nick Colantuono, CFP®, address a listener's concern about preparing for potential layoffs and talk about steps to take if you're facing similar uncertainties.
Here's what we discuss in this episode:
0:00 – Today's question
1:05 – Initial checklist
2:26 – Why things change in your 50s
4:18 – Changing your saving strategies
5:18 – Retirement planning considerations
7:48 – Final Thoughts
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