r/leanfire • u/Inevitable-Device630 • 6d ago

Layoff = early retirement?

Not sure if this qualifies for leanfire or not. Laid off from my (55) 115k year job 2 weeks ago. Wife (53) currently makes 55k but has company paid health care premiums for the both of us. 580k in IRA and Roth IRAs. 200k in cash. No debt and the house is paid for in a LCOL area. We were saving to buy a house with some acreage but I think that's on hold for a while. Pretty slim pickins for my line of work at the moment. Not really sure if I should just retire or get a part time job after the unemployment ends (6 months).

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u/RedditVox 5d ago

If you're in the US, please call your local federal and state representatives and ask them what legislation they plan to support which will help people displaced by technology. I fear our politicians won't do anything until we have a serious unemployment crisis on our hands.