Retirement: 75 is the New 65

Freedom 65? These days, it’s more like Freedom 75. “Longevity is driving a revolution equal to [the one that] the internet drove with technology,” according to Lisa Taylor, President of The Challenge Factory, a career and talent management company based in Toronto, Ontario. The impact on our workforce is really significant. And it’s HR that has to be the leaders.” At the 2014 Your Workplace Conference, Taylor stated, “In revolutionary times there are three groups of people: trailblazers, bystanders and casualties. Trailblazers see what’s happening and run toward it. Bystanders freeze and watch to see what’s coming. Casualties see what’s coming and run away.” In today’s evolving workplace, trailblazers proactively combat some of the challenges of delayed retirement — including fewer work opportunities for the younger generation or increased health costs — and view this phenomenon as a competitive advantage. These workplace leaders recognize that as workplace demographics change, the traditional view of retirement must follow suit.

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