The Pros and Cons of Phased Retirement

Phased Retirement is the process of retiring gradually, in stages, rather than all at once.  For many people, Phased Retirement makes a lot of sense, because it allows you to reduce your workload so you can pursue other interests, test the retirement waters to see whether or not you will enjoy life without a job, and ease the transition from full-time work and a full paycheck to full retirement and no paycheck.