4 ms·
Being ready to retire at 50 would be a good thing, but getting laid off in your 40's is not a death sentence. I'm 63 now, still working as an engineer, and I wa
by markbnj 3y ago
Being ready to retire at 50 would be a good thing, but getting laid off in your 40's is not a death sentence. I'm 63 now, still working as an engineer, and I was laid off in my 40's, twice. In addition to the emergency fund, another great way to build some security is to keep learning new stuff. In my experience the older engineers who get into trouble are the ones who try to rest on what they know and inhabit a niche they've built for themselves. In our business knowledge evaporates and niches crumble.
- JohnFen 3y agoThe last three companies I've worked for prefer hiring older workers. Well, they're not looking for age -- they're looking for very refined skills and experience -- but those thing are highly correlated with age.
- sfpotter 3y agoIf knowledge evaporates, maybe it wasn’t useful knowledge after all. Likewise, if a niche disappears, it wasn’t a good niche. Good long term strategy in terms of developing your career technically comes down to identifying knowledge and niches that aren’t going away any time soon. A person can have more or less insight when it comes to this.