Few would argue that there are many benefits to having senior executives contribute their vast knowledge and experience beyond the typical age of retirement (“Turns out boomers aren’t the retiring type,” Page A1, May 3).
But not all baby boomers may be as fortunate.
They may work for companies having mandatory retirement age policies or ones that either encourage older workers to accept buyouts or impose layoffs. For these displaced boomers, it may mean entering retirement earlier than planned. Those who are not ready to call it a career can be forced to suddenly reinvent themselves and embark on new but less predictable and stable ways of earning a living.
Many CEOs who wish to extend their work life well into their 70s are often in the advantageous position to either stay where they are or take advantage of other high-level opportunities that open new doors. But for others hoping to work beyond typical retirement age, the writing may be on the wall. Their professional life could come to an abrupt close, leaving them hearing those dreaded words in their heads: “Don’t let the door hit you on the way out.”