Is a Phased Retirement Right for You?
When most of us think about retirement, we imagine a time in our lives when we get to hand in our resignation letters, pack up our desks, and go from working 40 or more hours per week to having all the free time in the world. But while that sort of immediate shift might work well for some people, it's not always ideal.
For one thing, going from a full-time work schedule to not having a schedule could upset your mental balance. Suddenly, there you are, with no immediate obligations or purpose other than to just plain exist. It's a scary prospect if you're not ready for it.
Then there's the financial impact. Sure, many folks save well for retirement, but dipping into your nest egg could be somewhat intimidating.
Source: Fool.com
