Then again, not everyone has a requirement to follow the main model of working until a particular date and then stop cold. Phased retirement offers a middle path: gradually reducing work hours or responsibilities while transitioning into full retirement.
This approach provides continued income and purpose while allowing time to adjust to the lifestyle changes of retirement. But phased retirement requires careful planning, since you’re essentially living in two financial worlds at once.
Here’s how to design a phased retirement that works both financially and personally.
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