This article was originally published on Jan 07, 2012 and has been carried over from our previous website. Some legal details, dollar figures, and program rules may have changed since then — please contact us for current guidance.
Here's a link to an excellent article in today's New York Times. I cannot urge you strongly enough to consult a financial planner if you're in the unfortunate position of being laid off just as retirement is around the corner. You'll need some professional guidance to help make sure that you can stretch your funds as much as possible.