Two prominent boomers reach Findependence at 62

As I noted in a recent MoneySense blog, age 62 seems to be the magic age for some prominent Canadian members of the financial industry (banking and pensions respectively) to “retire.” Of course, we prefer to say they’ve reached their “Findependence Day,” since I doubt either BMO’s outgoing chief economist, Sherry Cooper, or Mercer partner and actuary Malcolm Hamilton, will be moving from full-time employment to full-stop traditional retirement.

As I say at the bottom of the blog, more boomers are leaving center stage but I expect many will linger in the theatre for some time yet, whether they embark on writing, public speaking, consulting or shift more to volunteering and charitable work.

So is 62 a “good” age to declare one’s Findependence? As always, comments welcome below.

– 62 –

About Jonathan Chevreau

Comments

One Response to “Two prominent boomers reach Findependence at 62”
  1. Cate says:

    Many in the US are retiring earlier as opposed to later because of the belief that Social Security will not exist if they wait. Your point of some remaining in the theater for some time is well taken which we believe will be in the form of an encore career.

    Great post. Thank you.

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