Phased Retirement

"However, there’s another kind of intelligence that you get later in life called “crystallized intelligence.” That increases through your 40s and 50s. It stays high through your 60s and 70s, and even beyond. Crystallized intelligence is not all about working hard and focusing—it’s about wisdom and passing on knowledge. You get wiser as you get older, which means you know a lot, and you know how to use the information. It also means you’re a much better teacher—the best teachers are older people. So early on, you have fluid intelligence, and later on, you have crystallized intelligence. The trick is to go from fluid to crystallized, to go from innovator to instructor." Full article: From Strength to Strength: Finding Success, Happiness, and Deep Purpose in the Second Half of Life - The Next Big Idea. The Next Big Idea. 4/1/2022 Arthur Brooks Arthur C. Brooks is an American social scientist, the William Henry Bloomberg Professor of the Pract...

From The Hustle... "Unretirement is the new retirement. Peloton nabbed a retired CEO to lead the company out of Americans’ storage closets. Howard Schultz returned to Starbucks. And Tom Brady lasted ~40 days in retirement before deciding to return to the NFL (and to a cascade of memes roasting him). The superstar quarterback and deep-pocketed CEOs were just following the crowd. After a retirement boom over the last 2 years, the share of retirees reentering the workforce has ticked up to levels unseen since early March 2020, per The Wall Street Journal. Money, security, and old age lead people to retire And after a brief pandemic recession, housing prices and the value of financial assets soared from spring 2020 to late summer 2021. Plenty of graying boomers, whose savings were shaken by the Great Recession, took advantage. The share of adults ages 55+ who are retired rose from 48.1% in Q3 2019 to 50.3% in Q3 2021, according to Pew Research Center. The share of ad...

"Find out how phased retirement will affect your health insurance. Many employers don’t provide coverage to part-time workers, and some who do require them to pay a higher portion of their premiums. If you don’t qualify for the company plan, ask for money to purchase an Affordable Care Act plan, said Karen Burke, an HR adviser at the Society for Human Resource Management." How to Plan for Part-Time Retirement March 28, 2022

"If a large number of employees take early retirement within a short space of time, an organisation could face succession planning issues. It might also have to spend significant sums on recruitment to replace key staff members who have left. A phased retirement programme can be a good way for organisations to retain the skills and talents of their older workers, while giving them greater flexibility around how they use their time." What is phased retirement? "Phased retirement allows employees who are approaching retirement age to reduce their work hours gradually, over a number of months or years. This might involve the employee moving from full-time to part-time employment, taking on a job-sharing role, working a seasonal or interim basis, or changing their working pattern in some other way." Phased retirement: why it can be a win-win for both employers and employees. Close Brothers Asset Management https://www.closebrothersam.com/for-employers/n...

"Nearly 70 percent of the 5 million people who have left the labor force during the pandemic are older than 55, according to researchers from Goldman Sachs, and many of them aren't looking to return. Companies and their HR teams are working to address this." Link to full article . Published by SHRM .

Ageless entrepreneurship can be a great option for those people interested in pursuing their profession through phased retirement. "Phased retirement is a concept that's gaining momentum—and popularity. But what is it, and should you be asking your employer about it? Experts share the pros and cons of this approach to retirement." "Let's start with the obvious. Retirement is one of the biggest life transitions we will ever make. And whether we're talking about playing a sport, running a business, or basic life skills, humans perform better and achieve more successful outcomes when they've had the opportunity to practice a skill." Full article: Everything You Need to Know About Phased Retirement Real Simple. June 07, 2021