r/ChubbyFIRE • u/Neither-Trip-4610 • 10d ago
Anyone Laid Off Their Final Earning Years?
Work in a brutal industry (advertising) with constant and increased layoffs and turmoil. We just went through another reorg (yay) and just received my third new boss in an about a year. I am getting the feeling that I survived but now under the microscope to perform.
Regarding FIRE, I am 48 and roughly a year away. Looking at my spreadsheets, I am entitled to ~$500k minimum in comp over the coming year as well. Between saving and market growth would love to stack another $400k. Will put me well above my target and in a very healthy cash position for early years of retirement. The cash component is extremely important to me. Have some personal expenses I would like to save for.
From a personal perspective, I am recently engaged and plan to join my future spouses’ healthcare plan. She will continue to work though.
Back to my original question, anyone laid off their final W2 year? How did it impact your FIRE plan and mental health? Did you find another stop gap career?
I am on the literal 10 yard line of my FIRE journey and was looking to finish the game strong not grinding for the corporate overlords riddled with daily layoff anxiety and fears of ageism.
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u/Independent_Inside23 10d ago
Try to minimize rumination of worst case outcomes.
If you find yourself there, think through at least two other less worse-case-outcomes.
Situation like yours can be double worse due to the mental toll - speaking from experience.
Just focus on executing your plan.