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Phased Retirement

Written by

John Hunter

in

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I have long thought the binary retirement system we have primarily used is less than ideal. It would be better to transition from full time work to part time work to retirement as people move into retirement. According to this study, from the University of Michigan Retirement Research Center, the phased retirement option is becoming more common.

Macroeconomic Determinants of Retirement Timing

partial retirement has been on the rise across all age and income groups. While partial retirement was virtually non-existent for 60-62 years olds in 1960, over the past 20 years more than 15 percent of workers in this age group are categorized as partially retired. For 65-67 year olds, the recent partial retirement rate is over 20 percent, up from 5-10 percent in 1960.

The paper doesn’t really focus much on what I would find interesting about the details of how we are (or mainly, how we are not) adjusting to make partial retirement fit better in our organization (the paper is focused on a different topic). The paper does provide some interesting details about the changes with retirement currently.

Related: Career Flexibility – 67 Is The New 55 – Retirement Delayed, Working Longer

Comments

3 responses to “Phased Retirement”

  1. Derek Avatar
    Derek

    I’ve been thinking more and more about staged retirement vs. binary retirement after reading 4-Hour Work Week. It’s definitely something to consider.

    Reply
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