Valerie B. Dugan, CFP, is a Senior Vice President and Financial Advisor with the Global Wealth Management Division of Morgan Stanley in Hartford, CT. She penned an article in The Register Citizen this week noting some of the valuable contributions that Baby Boomer workers can still add to the workplace.
Research shows that 26 percent of boomers plan to work until age 70, with another six percent noting that they will never be able to retire on account of financial reasons.
and as a result:
Many baby boomers are working, or are planning to work, for the foreseeable future.
With many workers planning to work into their 70’s it requires a rethinking of the engagement of a mix of workers and how they can benefit each other. Savvy HR departments are finding creative ways to make the diverse populations complimentary.
Highly skilled boomers are in demand and savvy employers will see their continued presence in the work place as an excellent opportunity for them to mentor incoming Millennials who aren’t likely to have the skills or expertise possessed by their elders. This can be a win-win situation across the board.
It seems that wisdom sells in the new world of work.
Link to the full article: MARKET MATTERS: Retirement? Not so fast
Photo by: Sriram Jagannathan