2020 Outlook: Talent Shortage Drags On

What it takes to prosper.

By August J. Aquila

The last of the baby boomers are retiring in large numbers this year. They had a long run at managing firms, but their time is now up.

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I’m still seeing a lot of them trying to hold on and control things well into their 70s. I advise them to transfer equity while they are on the top of their game and not when they and the firm are declining. While many take this advice, those who don’t aren’t sure what they will do once they retire. I usually work out a retirement game plan for them.