If you're counting down the years until you hit 65 and can finally put your feet up, BlackRock CEO Larry Fink thinks you might be stuck in an outdated playbook. In his 2024 letter to investors, the head of the world's largest asset manager called out America's retirement system as something that hasn't caught up to modern realities.
"No one should have to work longer than they want to," Fink wrote. "But I do think it's a bit crazy that our anchor idea for the right retirement age — 65 years old — originates from the time of the Ottoman Empire."
