Sunday, 26 May 2019

Middle-aged and out of work: When clients over 50 lose their jobs, advisers become a lifeline – InvestmentNews

Gail House was forced into retirement last year at age 58, after serving two decades as the principal safety manager for her Orlando, Fla., employer.​

Ms. House, who’d been earning a low-six-figure salary, hasn’t received a paycheck in almost half a year. A single woman, she doesn’t have the cushion of a second household salary and she may need to tap her 401(k) for income in three months’ time if she’s unable to find another full-time job. That could delay her retirement beyond age 62, her goal.

The situation would be far worse if it weren’t for Dennis Nolte, Ms. House’s…


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