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Is the Definition of Retirement Changing?

By William Vogeler, Esq. on July 25, 2018 6:57 AM

If you didn't know it already, this is not your father's retirement.

A generation ago "retirement" meant trading the nine-to-five for bingo numbers. Today, nobody plays bingo anymore.

At least not lawyers. As we hit the "retirement" age, we re-purpose our lives. Here are the real-life numbers:

50-60 Somethings

Remember when 55 was the retirement age? Ha ha ha ha ha.

Now it's a speed limit. It's a measurement of how fast retirement options are catching up to us.

According to retirement studies, almost everybody in their 50s has made retirement saving their No. 1 priority. That's because most will be working into their 60s. Eighty-two percent, to be precise, are working or expect to work past age 65.

That's not necessarily a bad thing. After all, what lawyer doesn't relish the opportunity to do discovery and billables for the rest of his, her, or questioning life?

Re-Directing Life

Jill Switzer, writing for Above the Law, looks at it this way: JOMO or the Joy of Missing Out.

She means we should enjoy leaving the law behind, while re-directing our legal skills to other endeavors. After all, there are at least 99 things you can do with a law degree.

Besides playing bingo.

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