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“Phased Retirement?” More Aging Workers are considering it! - Kiplinger
The old tradition of working for a lifetime and then hanging it up to enjoy one’s “golden years” seems to be fading fast. As life expectancy continues to increase, many seniors find that going from full-time work to 100% idle just isn’t for them. Fact is, those in their mid-60s, on average, will live about another 20 years - a long time to be completely inactive, especially when good health is enjoyed. The solution? More and more working Americans are opting to gradually phase into retirement. That can mean working fewer hours at the same company, or perhaps changing gears completely with a new career. In any case, the advantages of phasing into retirement are many, including more time to pursue personal interests, prolonged income, and maintaining a sense of purpose as we age. And the latter contributes to better health in retirement, as explained in this Kiplinger article by Kathryn Pomroy.
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