semiretired

Semiretirement is a transitional phase between full-time employment and complete retirement. Individuals in semiretirement typically reduce their working hours or responsibilities but do not cease working altogether. This allows them to maintain some income and a connection to their professional lives while also having more time for personal pursuits, hobbies, or family. The decision to semiretire can be driven by various factors, including a desire for a less demanding work schedule, the need for supplemental income, or a gradual approach to full retirement.

The specifics of semiretirement arrangements vary greatly. Some individuals may shift to part-time work with their current employer, while others might take on consulting roles or start a new, less demanding business. The key characteristic is a voluntary reduction in work commitment. This phase can offer benefits such as maintaining social connections from work, keeping skills sharp, and easing the financial adjustment to a retirement income. It also allows for a more flexible lifestyle, enabling individuals to travel, volunteer, or spend more time with loved ones. Planning for semiretirement often involves assessing financial resources, considering healthcare needs, and defining personal goals for this new stage of life. It represents a flexible approach to later-career living, prioritizing balance and personal well-being.