5 Tips For Making Semi-Retirement Work

Semi-retirement can offer important financial and lifestyle advantages to people in their 50s, 60s, and early 70s. By not quitting work completely, you can use the semi-retirement strategy to significantly increase your retirement income for when you do eventually retire full time, while also getting more time now to enjoy life and feel closer to being retired. By the way, “phased retirement” is another way to describe this strategy.

To make semi-retirement—and, in turn, retirement—work successfully for you, you’ll need to pay attention to a few items. By addressing these items now, you’re setting a strong foundation in place for your eventual retirement, one that could last as long as 30 years.