Among all the reasons to leave work before the age of 60, one is downsizing; and, in fact, ‘half of workers over the age of 50 nationwide are pushed out the door against their own will,’ retiring 10 years before they planned. Experienced people can be of value to some companies and are hired as either consultants or contractors. Retirement can still be kept on track with the help of a small tax-law that Congress created in 2001 that most people are unaware of. Solo 401(k)’s. This law allows people to create their personal 401(k), and it is more flexible and cheaper to have than a corporate-run plan. An administrator, the person who created it, can contribute to it more. In terms of annual contribution limits, it functions the same as a regular workplace 401(k). But in addition to that, the administrator can choose to contribute up to 25% of their net income. $56,000 for people under 50 and $62,000 for people over 50 (catch-up) are the current absolute ceilings for contributing. Getting laid off might have not been in plan; however, it can be an opportunity for something new and more vibrant.