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.
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On Wednesday my Wealthy Boomer blog focused on a new book by Lisa Orrell, Boomers for Business. Its theme is all about what a boomer friend of mine, Norman Evans, has long predicted: that it’s time the boomers got paid for what they know, not what they do.
I was pleasantly surprised to see that Lisa mentioned my own book today on her Facebook page. She says this:
It’s a love story, a novel, that is actually a financial planning & education book that follows a couple’s ups & downs with their money struggles and what they learned to be better off financially
Here is the full post.
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