I want to encourage our young leaders to step forward to ensure a smooth transition. At 48, I am no longer 'young' for the Internet business. The next generation of Alibaba people are better equipped to manage an Internet ecosystem like ours. I believe they understand the future better than I do.Although he's a few years shy of 50, Ma is convinced that he no longer has sufficient pluck to steer the ship. "When I was 35, I was so energetic and fresh-thinking," he said, "I had nothing to worry about."
Of course, most Americans don't have Ma's net worth of $3.4 billion (nor do several countries). So most Americans don't have the luxury of retiring as soon as they feel their thoughts lose their freshness. Over half of adults 50 to 64 say that they may delay their retirement, according to a 2009 Pew Research Center poll, and another 16 percent said that they expect to be working until the end of their days. A Wells Fargo study found that 30 percent of middle class Americans said 80 was the new retirement age.Even The Rich Can't Retire When They Planned Anymore Best Cities For Young Workers Best Jobs For Older Workers