Traditionally, retiring focused on a specific date in the future that seniors would get to, and simply stop working altogether. This kind of thinking is dated, and studies have shown that seniors are much better off reducing their employment rather than going straight from full-time work into retirement. Phased retirement may include a gradual reduction in hours, or switching to part-time work for an indefinite period of time, or switching careers to something less demanding than your current job.

Phasing Your Retirement Means Less Planning

When it comes to your financial planning for retirement, having a steady stream of income allows you more financial freedom. When seniors phase their retirement, it gives an opportunity to feel out what you will actually require once you fully retire.

Phasing Your Retirement Gives You The Opportunity To Do Work That You Love

Retirement means freedom to most seniors, but freedom from what? From having to work a regular 40 hour week? Yes. However many seniors state that they actually have trouble going from full-time work to not working at all. When you phase your retirement, you have the opportunity to ask yourself: what would I do if I didn’t need the money? And actually do that. Many seniors make the assumption that they have to continue with their current work even if they are phasing out, this simply isn’t the case. Any work that you find fulfilling will help you feel productive while at the same time making your retirement more enjoyable.

Phasing Your Retirement Helps Retain Cognition

Being intellectually and socially engaged helps the brain retain its cognitive functions. When you phase your retirement, you still retain those activities that allow your brain to be exercised. Some scientists hypothesize that retaining this engagement helps create a “cognitive reserve” that may slow down cognitive diseases.

The landscape of retirement is changing, and more seniors are looking for alternatives to help them phase into this stage seamlessly. Whatever you decide, keep in mind that working through your retirement is not only an option, it’s a benefit to your lifestyle and your health.