Understanding the Phased Retirement Approach

Have you ever considered a phased retirement?

Phased retirement is the idea of gradually reducing your work hours over a period of years, rather than retiring “cold turkey.”

It can be a good option if you still want to work, but not at the same intensity. It can also be a good strategy for those who aren’t financially ready to fully retire.

Nearly 45% of US workers envision implementing a phased retirement. Could it be right for you?

Related: Downshifting: Working Longer and Loving It