Comment Exactly my situation a year ago. (Score 1) 418
I concluded that there are four paths for a tech guy/woman getting older. (1) management; (2) guru, futurist, visionary, author, entrepreneur, personality (e.g., Tim O'reilly, Bruce Schneier, Linus Torvalds, Steve Wozniak); (3) tech warrior/veteran type who stays current, keeps up with changing technologies, etc.; (4) casualty, put out to pasture, laid off, demoted, or at best disrespected and undervalued by management and young hotshots.
My own experience was that I tried management and didn't have the magic and couldn't stand the boredom and pointlessness of the politics. I know I'm not enough of an extrovert to be #2. And I realized that #4 is the default path, the path I was on by doing nothing about my rusty skills. I work at a large dot edu, so I've seen old IT guys kept around in a series of less and less skilled jobs till they're doing things like ordering laptops and toner cartridges, getting keys made, replacing projector bulbs, and updating disaster recovery procedure documents.
So I reluctantly chose #3. I've paid for some of my own retraining, traveled to a couple conventions (one was on my own dime), set up a blog, twitter account, and got active on stackexchange. I'm making sure that my boss, colleagues, and anyone else, sees all of this. I got a small but unexpected raise recently, and I'm sure this is why. But the most important and unexpected outcome is that I no longer feel as vulnerable to a layoff. It is a lot of work, and I've missed out on a lot of great TV and chillout time. But I'm less miserable at work and I know that I've got a good chance in the job market if the axe falls.
Good luck to you.