Boomers Can’t Retire

by Donald J. Trump

It doesn’t seem that long ago that people looked at age 65 as the golden age of retirement. That’s when workers dreamed of a little condo on the beach, maybe spending their days golfing or fishing or hanging out with the grandkids.

Not anymore.

As baby boomers are hitting their 60s, most expect to delay retirement longer than their parents and their grandparents. And that’s smart because according to a couple of new reports, many of them can’t afford to stop working anytime soon. And that’s sad.

Blame everything from higher divorce rates to longer life expectancies for greater financial hardships that mean people have to work longer than the generations before them.

In addition, many of them want to keep working just because they like to work. The idea of just sitting back and doing nothing isn’t very appealing to people who have worked hard at jobs they’ve loved. I have friends in the real estate business who are in their 90s and still going strong. Kirk Kerkorkian is incredible and he just turned 90!

Many companies recognize this and offer smart incentives to keep their best people working longer because motivated people with experience are irreplaceable.

I can’t even imagine retirement. If you hate your job so much that you can’t wait to stop doing it, you definitely need to find a new line of work.

My father used to have an expression: To retire is to expire. I believe in that 100 percent. My advice? If you love your job, keep doing it.

Donald J. Trump is Chairman of Trump University.

This entry was posted on Tuesday, June 26th, 2007 at 9:40 pm and is filed under Millionaire Mindset. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.