Why retire? 10 reasons clients should keep working
At times the entire financial planning field can seem myopically focused on a single goal: helping clients to retire, settling into lives spent leisurely loafing about.
But many planners have found that some clients — often among the very active baby boomer generation — aren't having it.
Consider famous boomer Lorne Michaels, the television producer who co-created the sketch comedy show “Saturday Night Live” for NBC in 1975. Michaels, who is now 73, is still running the show 43 years later and actively grooming successive generations of new comics, from Kristen Wiig to Kate McKinnon. On a recent episode of Jerry Seinfeld's Netflix show “Comedians in Cars Getting Coffee,” Michaels told Seinfeld he has no interest in retiring any time soon.
Aside from defining the arc of American comedy, some clients have far more prosaic reasons for remaining in the saddle. But others feel much as Michaels does about the roles they play in their own fields or firms.
Read on to learn top reasons why some planners go against the grain and advise their clients to never retire.
(Editor's Note: This story originally ran in 2018)