Final week, NFL followers watching the Baltimore Ravens tackle the Miami Dolphins was a reminder of the unforgiving nature of soccer as 24-year-old Dolphins star quarterback Tua Tagovailoa suffered what gave the impression to be a extreme concussion in the course of the first half. recreation time.
The harm got here lower than per week after Tagovailoa appeared to have suffered one other main concussion, this one in a recreation in opposition to the Buffalo Payments. Tagovailoa, after present process commonplace NFL concussion screening protocol, returned and completed the sport in opposition to the Payments.
The unlucky chain of occasions has resulted in calls from involved neurologists, journalists and sports activities followers for Tagovailoa to think about a early retirement from the soccer recreation – or at the very least take a substantial period of time to recuperate.
For monetary advisors, Tagovailoa’s struggles with head accidents and requires him to think about early retirement could function a reminder of an uncomfortable reality about their very own purchasers, and even their very own careers: Not everybody takes their retirement on his personal phrases.
Whether or not one is a star skilled soccer participant, a newly tenured faculty professor, or a mid-career tech govt, the potential of pressured retirement is one to be reckoned with.
Fortuitously, advisors and their purchasers can work collectively to arrange for such disruptive eventualities and enhance the chance {that a} pressured work stoppage, whether or not resulting from a well being situation or a easy layoff, won’t occur. not synonymous with monetary catastrophe.
Listed here are some key insights — and a few uncomfortable truths — about surprising layoffs, job prospects for older employees, and early retirements. Whereas surprising career-ending layoffs are all the time disruptive, with the proper planning in place, they do not need to be catastrophic.
