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I am in favour of both age and term limits for politicians. For one, if regular people are supposed to retire at 65ish and realistically often struggle to find work once they go past their 40s, there is no reason why politicians should be allowed to stay in their jobs through their 70s and sometimes 80s.
And I am in favour of term limits because it would keep the career politicians out of the game. Very few of them are any good.
Politicians who know that their political career is about to end have the nasty habit of doing favors for their big corporation of choice, knowing that they'll receive a cushy board position in return afterwards.
If you want to establish term limits, you also need to establish some sort of accountability for the time afterwards.
Accountability is needed with or without term limits. Too many politicians are deep in the pockets of big businesses. "Professional board member" is already one of the most popular sinecures for spent politicians. Term limits aren't a silver bullet for general politician misconduct. Everything needs checks and balances, and politics has way too little of it.