I was laid off at 58 years old, I have substantial debt and a high mortgage payment, and my severance package will only cover these expenses for seven months; what should I do in addition to looking for a new job? 

I am 58 years old and I was laid off on January. I have $12,000 in credit card debt and $25,000 in student debt. I am financing my car and leasing my wife’s car. We are co-signers for our daughter's school loans, which are about $150,000. She is struggling to make ends meet right now. Our monthly mortgage payment is 3,390k. Me and my wife have approximately $400,000 between our 401(k), IRA and one other retirement account. My severance will cover our expenses for seven months. Is there anything else I should do, in addition to looking for a new job? 

Debt, Retirement, IRAs
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February 2018

What you have done in the past is done.  There is nothing you can do about it.  Going forward, take any legitimate job and start making some money; become extremely frugal; avoid further debt and do not touch your 401(k) unless you must.

February 2018
February 2018
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February 2018