HIGHER EDUCATION BUBBLE UPDATE: Working Way Past 65. “At the height of the financial crisis, it was unclear how diminished 401(k)s and general economic uncertainty would impact retirement trends for baby boomer professors. But new data suggest that professors are either significantly – or indefinitely – putting off retirement, and not just for financial reasons. Experts say the trend is forcing institutions to rethink traditional faculty models. . . . And there’s the rub, said experts in higher education faculty retirement trends. With no maximum retirement age for college and university professors, thanks to the 1994 end of the exemption of higher education from mandatory retirement laws (previously, colleges could require retirement at 70) and tenure, a happy professor could ostensibly keep working forever.”