No One Retires Anymore

Amy’s input: This thought-provoking article discusses how the ultimate American Dream, which used to be get rich young and retire early, is quickly changing. Now, those who can afford to retire are actually working the longest.

No One Retires Anymore — Select Advisors Institute

Many of the world’s most successful people feel retirement goes against their nature. To them business is the ultimate sport and they can’t imagine their lives without it. Not only is it great from an income perspective, some studies have linked working past “retirement age” with better health and longevity.

Ask them one of their secrets to success and they will tell you, retirement is not an option!

Besides the below, read more about this issue here as well on CEO’s aging and continuing to work way through retirement age!

People once yearned for retirement. They would hope to quit at 65, get a gold watch—a dubious gift for someone who no longer has a schedule—and move someplace warm to play golf and eat dinner at an increasingly early hour. During the first tech bubble, young entrepreneurs cashed out and retired before 40, drifting off into travel, philanthropy, and the occasional vanity project. Everyone planned to retire. The contest was who could do it earliest.

Today, a tumbling stock market might have upset the plans of the millennials of the FIRE (financial independence, retire early) movement. But the secret

weapon for some of the world’s most successful people is that retirement was never an option.

When Jayson Adams retired in 1997 at 29, after selling his company Netcode to Netscape for more money than he would ever need, his plan was to spend the rest of his years surfing and playing guitar. When I ran into him a few months back, it was at the Google offices in Santa Monica. Where he was working.

No one chooses to retire anymore if they can help it. Warren Buffett, whose personal net worth is more than $90 billion, is 89 and still working. Henry Kissinger, 96, runs a consulting firm that advises world leaders by drawing on his extensive knowledge of human history, most of which he has lived through. Elaine May, 87, could rest on her beloved-comic laurels but is instead gearing up to direct her first feature film in 32 years. New York Post gossip columnist Cindy Adams, 89, will surely call her when it comes out. Sheldon Adelson, 86, not only runs the Venetian hotels, he also advises our President Trump, who is 73.