We need to rethink retirement. The common concept of retirement is loaded with negative implications. It suggests withdrawal from work and meaningful activity, and evokes images of doddering old people whose lives are marked by irrelevance, boredom or senility. It’s no wonder lawyers dread the prospect of retirement. Senior partners have spent decades as leaders, rainmakers and trusted advisors. They have no interest in riding off into the sunset or having all they have built come to an end. Yet retirement can also be seen as a gift: a chance to shift gears, explore interests, or pursue adventures that have long been deferred. We need to re-frame the idea of retirement so that senior partners who would like to retire but feel too threatened, embarrassed or unable to imagine what else they could do will embrace the future with eagerness and excitement.
Retirement allows you to make choices about what you want to do in the future without regard to billable hours, demands from others, new technologies or office politics. At a certain point in your career, it is important to consider what you will do next and when you will start. Whether it’s at age 55 or 75, only you can know what that point is.
It is most desirable to enter retirement when you are mentally, physically and financially sound. Life is messy, though; unexpected things happen and people find themselves pushed into retirement earlier than expected. So, it’s…
