Many CPAs Are Nearing Retirement -- So What?
We have been hearing it from the AICPA, state societies, consultants, writers, etc. for many years now. Baby Boomers are hitting age 65 at the rate of 8,000 per day – beginning in 2011 and continuing for 18 years.
Are you in this group? Are you 60 or older? If so, I bet retiring (or not) is on your mind from time to time.
Alan Weiss, consultant, speaker and author of Million Dollar Consulting (and many other books) described his feelings about turning 67 on his blog recently. I think you might enjoy reading how he looks at it. Here are some highlights but be sure to read the entire blog post.
“I have always tried to live life to the fullest. You may ask what alternative we have, but daily I see people throwing their lives away in part and by pieces, which to me is the equivalent of simply taking more time to end it. I don’t believe we’re here to stick our toes in the water. I believe we’re here to make waves.”
“I do know that so long as I’m on top of my game, I’ll keep doing what pleases me. When that’s no longer the case, then I’ll leave that particular stage. Sandy Koufax knew how to do that. Frank Sinatra did not.”
The question for you, as a Baby Boomer CPA, is are you staying on top of your game?
Whether you want to admit it or not, your “game” has changed significantly in the last few years and continues to change at a rapid rate. Are you active with social media? Do you communicate via text with your most important clients? Are you attracting younger business owners and CEOs as clients? Is your firm retaining bright, passionate, flexible people? Or, do you have partners stuck in the “I’m doing it the way I’ve always done it” world?
Rita Keller is a nationally known CPA firm management consultant, speaker, author, mentor and blogger. She is a former shareholder and administrative partner in a successful, regional CPA firm and has over 30 years hands-on experience in CPA firm management, marketing, technology and administrative operations. She works with firms across the country focusing on people, partners and internal management issues.