{"id":11955,"date":"2025-03-18T20:19:00","date_gmt":"2025-03-18T20:19:00","guid":{"rendered":"https:\/\/finderica.com\/?p=11955"},"modified":"2025-03-18T20:19:00","modified_gmt":"2025-03-18T20:19:00","slug":"what-is-it-and-is-it-right-for-you","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=11955","title":{"rendered":"What Is It and Is It Right for You?"},"content":{"rendered":"\n
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\"ScoreCard<\/p>\n

Retirement is changing. Around 19% of adults ages 65 and older are employed today, according to Pew Research Center. In 1987, only 11% of older adults were still working. Multiple factors are causing this shift, including people living healthier, longer lives and changes to Social Security that allowed workers to start collecting their full retirement benefits at 67 instead of 65. But something else is different about the retirement<\/a> landscape: phased retirement.<\/p>\n

If you\u2019re nearing retirement age but want to keep working in a scaled back way, consider phased retirement. Here\u2019s everything you need to know about this type of work arrangement and whether it makes sense for you.<\/p>\n

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What Is Phased Retirement?<\/h2>\n

The AARP describes phased retirement as, \u201ca broad range of flexible retirement arrangements.\u201d This could mean an employee cutting back on their hours with a company or working for them in a different way.<\/p>\n

So, there\u2019s no hard rule on what it needs to look like. You could work part time, switch to a less demanding role or work remotely from your favorite vacation spot.<\/p>\n

Phased retirement can be a smart financial move if you\u2019re ready to step back from full-time work but still want to contribute to your pension. It\u2019s also a solid option to consider if you\u2019re unsure about quitting your days at the office cold turkey.<\/p>\n

While it\u2019s still a relatively new concept, there\u2019s a growing interest in it among older workers. According to the Harvard Business Review\u2019s recent survey\u00b9, 68% of workers ages 50 or older would like the opportunity to move into retirement gradually. However, only about 36% of global employers offer phased retirement to everyone on staff.<\/p>\n

How Does it Work?<\/h2>\n

Phased retirement allows older employees to ease into retirement while maintaining an income to support themselves.<\/p>\n

Work arrangements may include part-time employment, seasonal work, temporary positions and job-sharing arrangements.<\/p>\n

Example Of A Phased Retirement Program<\/h3>\n

Emory University\u00b2 is one of the few employers that offers a phased retirement program. Here\u2019s a breakdown of how its program works:<\/p>\n