Next-Gen Retirement !

Next-Gen Retirement !

By Fouad Bendris

Post-career life has changed, and it demands a new approach.

ery day in the United States more than 10,000 people turn 65. For decades this was the typical retirement age. Starting in their early fifties, but certainly by age 70, people were expected to end their careers and embrace a life of leisure. But in the past 20 years, that paradigm has shifted dramatically. Half of today’s 60-year-olds will live to at least age 90, according to Lynda Gratton and Andrew Scott, the authors of The 100-Year Life, which draws on the research of demographers Jim Oeppen and James Vaupel. Meanwhile, the era of corporate and government pension plans that promised lifetime financial security is over. For this and other reasons, many executives are now rethinking what it means to retire.

Fouad Bendris’s insight:
ind Your Retirement Metaphor Managers use a variety of language when talking about retirement. Some think of it as detox from work stress, liberation from the daily grind, or downshifting from a demanding career. Those metaphors all aptly describe the experiences of Jim, who retired from his position as the CEO of an international company when he was barely 50 because of a health scare. His father had died in his forties, and Jim didn’t want to follow in his footsteps.

Source:: Strategy & Governance

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