Redundancy again aged 61
I'm posting here in the hope of hearing other people's views or advice. Bit of a background ramble (sorry), husband is main wage earner, was made redundant 7yrs ago, unemployed for 2yrs, and been in current employment 4yrs 8months. The company are making big changes, moving work to India etc. Some redundancies were made, more to come in meeting in October. He may /may not be lucky and kept on until the end rumoured 2018. Having been through two years of hell when last unemployed, (never unemployed before, always worked and studied at nights to keep as he thought one step ahead),he really couldn't cope with it. He isn't really ready to give up work, but we have discussed if realistically we would be better just looking at this if/when it happens, as an early retirement, rather than unemployment. He would look for another job, but without the pressure of "having to find one" we are fed up with living with the constant fear of redundancy/unemployment hanging over us. Doing our sums so to speak, I as the money handler, have worked out that we could get by on his remaining pension, topped up with some of our savings etc and my esa payments. We would still have about £85k left in savings hopefully by the time state pension can be claimed. We have no mortgage, but do have some family responsibilities. We know we would have to make changes and some sacrifices to do this, but I tend to feel it would be worth it to be free of that constant fear hanging over us. Thoughts please.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors
- All Categories
- 341.8K Banking & Borrowing
- 249.7K Reduce Debt & Boost Income
- 449.2K Spending & Discounts
- 234K Work, Benefits & Business
- 606.2K Mortgages, Homes & Bills
- 172.5K Life & Family
- 246.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.8K Discuss & Feedback
- 15.1K Coronavirus Support Boards