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Financial PostOctober 2025

Laid off at 52, no pension and $250,000 in RRSPs. Is retirement a pipe dream?

Featured writing by Allan Norman · M.Sc. · CFP · CIM

The Short Version

Losing a job in your early fifties, with no workplace pension and a retirement account that feels too small, can make the whole idea of retiring seem out of reach. This piece meets that worry head-on for someone in exactly that spot. Rather than offering false comfort, it lays out how to handle the immediate problem of being out of work, protect what you have, and then set yourself up to rebuild savings once income returns. The years between a mid-career layoff and traditional retirement age still hold real planning power, and the message is that the situation is difficult but not hopeless. It speaks to anyone who has been let go later in their working life and is trying to figure out whether a decent retirement is still on the table, and what to do first.

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