Heather C. Vough, Christine D. Bataille, Leisa Sargent, Mary Dean Lee
With longevity increasing and thousands of Baby Boomers turning 65 every day, the face of retirement is changing. Interviews with executives and managers conducted by the authors show that very few people now follow the tradition of ditching the job and embracing a life of leisure in their midsixties. This article describes the different paths being taken and offers four principles that will help you navigate your late-career journey: 1. Prepare to go off-script. Careers end in many ways—often unpredictably. Most of us will have little control over our exit, so we must be ready to adapt. 2. Find your metaphor. Do you see retirement as liberation from the grind, the loss of your professional identity, or a chance for transformation? The language that resonates most with you can signal your best way forward. 3. Create a new deal. Many are stepping back gradually or staying on at their firms with redesigned schedules and responsibilities or as contractors. Explore the possibilities. 4. Make a difference. Shelving your expertise at retirement no longer makes sense. The new model is to apply your talents to improve your community and the world.
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