Close Close

Retirement Planning > Spending in Retirement > Income Planning

Layoffs stress out boomers

Your article was successfully shared with the contacts you provided.

What’s bothering boomers at work? According to a new study, a possible layoff is the biggest stressor, followed by the value of their 401(k) plans. claims most of their online boomer members have seen tough times before, so the community forums are seeing mostly “hopeful” and “practical” conversations. With a top concern being unemployment, TeeBeeDee member and career coach Gordon Miller suggests networking while still employed. “Concentrate on connecting with old friends and collegues. And think of networking as a two-way street, where you’re building relationships that benefit both parties. It’s as much about what you can do for the other person as what they can provide for you,” he says.