What to Do After Losing Your Job Over 50

A practical guide from someone who has been there. Not motivational fluff — real steps, honest timelines, and the things nobody tells you.

The First Week

  • Take a breath. The first few days are about processing the shock, not making big decisions.
  • File for unemployment. Do this immediately. Processing takes time.
  • Review your severance offer carefully. It is often negotiable. Do not sign anything in the first 48 hours.
  • Check your healthcare options. COBRA, marketplace plans, spouse coverage.

The First Month

  • Map your financial runway. How many months of expenses can you cover?
  • Update your resume. AI screening and applicant tracking systems have changed the rules.
  • Tell people. The best jobs after 50 come through connections, not job boards.
  • Be honest about what you want. Same job? Different career? Freelance?

The Hard Truths

Age discrimination is real. The AARP found 78% of older workers have seen or experienced it.

The job search will likely take 6-12 months. That is normal for professionals over 50.

Your identity will take a hit. That is normal too.

Free Resources

I wrote this guide after I lost my corporate job at 56. I built Empower Over 50, a part of Max Farnon Digital, to help others navigate the same journey.