Phased Retirement Gains Popularity as Flexible Option for Older Workers Approaching Retirement

Phased retirement allows older workers to gradually reduce hours/workload rather than abruptly stopping work entirely. This benefits both employees and employers.

Phased retirement is becoming more popular, especially among Gen Xers who rely heavily on personal savings for retirement.

Phased retirement can take many forms - working 4 days a week, moving to a less demanding role, etc. It allows for smoother transfer of knowledge to younger workers.

Offering phased retirement can help companies recruit and retain talent by showing they care about employee wellbeing and flexibility.

As baby boomers age, phased retirement can help minimize the seismic impact of losing their expertise and experience all at once when they retire.