Phased Retirement

"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

"A phased retirement program that avoids an employee’s immediate, complete transition to retirement could make situations like this more productive and less stressful for all parties. Tyler Papaz, director of private wealth with Cornerstone Advisors Asset Management in Bethlehem, Pennsylvania, says one major advantage to phased retirements is that employers can better formalize a succession plan for key employees." Original article via PLANSPONSOR.com December 29, 2021