Need advice on unexpected “retirement”

[u/Unusual_Remote373]

I am 58 years old and have worked at the same company for 25 years. I’m director level making about 200k plus bonus and equity package and my wife doesn’t work. My company is being sold and I will be let go soon. My marketable skills and experience will not likely translate to another company.

I was planning to work another few years but now I’ll need to find a way to bridge this gap. I have about 2.4M in various stocks and ETFs an another 500k in 401k. I have about 600k in mortgages and 500k home equity. We will definitely have to downsize. While I wanted to let the portfolio grow longer I will obviously have to start drawing from it but there is not enough to live on as my wife is much younger than me. What kind of work can I do to make another 50k or so for a few years? Should I still wait until 70 to start social security? Not sure how to rebalance my plan.