At 55, Frank Mendizabal has no immediate plan to leave his executive job at the Weyerhaeuser Company. And his finances are in good shape for when he does.
But he is haunted by a statistic he heard at a company retirement planning session last year: Women can expect to live 13 years longer than their mother or their maternal grandmother, and men can expect 11 more years than their father or paternal grandfather.
Mr. Mendizabal said he still intended to spend his first postretirement years shuttling between Canadian ski slopes and Spain. But Mr. Mendizabal, who enjoys running the occasional charity auction at Weyerhaeuser, is already checking into the market for part-time auctioneers. “I now realize that after a year or so of travel and being a ski bum, I better have something else to do,” he said. “So I’m going to sense the waters early, and build on a skill I have and enjoy.”
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