When workers gets close to retirement, they often desire to be able to go right into retirement and leave work completely. But many people find that full on retirement might not be as fulfilling as they thought and instead chose to take a shallower path into retirement with a gradual reduction in work time. This option is particularly compelling for many professionals that have a greater ability to arrange shorter working weeks although anyone can take a similar path as long as they are self employed or have cooperative management. The greatest advantage to this strategy is that it allows a person to figure out how they will spend their newfound leisure slowly rather than figure out what to do while facing the overwhelming shift between extremes. Just keep in mind that, with a little bit of planing, almost anyone can accomplish a phased in retirement.
See Mitch Anthony, Phasing In To Retirement, Financial Advisor, November 22, 2015.
