<prompt> Human: Hello PF,My father, 55 years old, was recently let go from his company due to a restructuring. I would love to get some feedback from the collective intelligence here on PF. His stats are as follows;-55 years old, 30 years experience in software industry, no college degree-Received 85K severance package from employer-He will receive 1600month in UI-25K emergency savings, and 70K in an trade account-330K in retirement 401k-130K in IRA-5K monthly expenses including mortgageShould he put the severance in a savings account or invest it to garner a small amount of interest? Any and all feedback would be appreciated on either finances or navigating the job market as a 55 year old who was at the same company the last 20 years. Thanks, PF!Assistant: Depending on the location, 5k a month is a lot of expense. Downsizing would allow for him a lot more flexibility.Human: Thank you. This is a mortgage and debts from sending kids to college, as well as monthly expenses for him and my mom. Agreed it is wise to get this as low as possible.  <response>: Are the kids in a position to take up payments on the student loans for him? It seems like a good time to do so. 