July 15, 2024

Richardson Column in The Free Lance-Star

UMW College of Business Dean Lynne Richardson

UMW College of Business Dean Lynne Richardson

College of Business Dean Lynne Richardson’s latest column in The Free Lance-Star focuses on the “Transition to Retirement.”

Most of us think of retirement as something to look forward to when we’re in our 60s. That’s when the majority of workers will retire. But it’s not the only time. Increasingly, people are having to wait until their 70s to retire because they didn’t plan early enough for retirement to save the money necessary to live without a job. But others are retiring in their 20s or 30s. What?

I read an article recently about a professional athlete whose career was over in his early 30s. While most of us think only about the financial implications of retirement, there are many others. He had made enough money to live comfortably without working for the rest of his life. What he realized, however, is that whether you’re 35 or 65 when you retire, there are many things to think about. Read more.