There's always more to discover with an AARP membership! Check out your member benefits.

Reply
Info Seeker
0
Kudos
112
Views

Re: Is phased retirement right for you?

112 Views
Message 1 of 13

I have coached many people as they prepare for retirement and have found those who have something to "retire to" are much happier and satisfied than those that do not know what they are retiring to.  A phased retirement provides an opportunity to find what you are retiring to and maybe even test it out.  A phased retirement also provides an opportunity to gradually build a new social network as you ease out of the social network you developed and lived in while working.

 

In my personal experience, I found the first three months of my phased retirement to be the most difficult as I still craved the daly interaction and problem solving I had been accustomed to doing for the past 35 years.  Now that I am adjusted to the new pace and have formed a new social network I could not imagine retirement happening any other way. 

Report Inappropriate Content
0
Kudos
112
Views
Info Seeker
0
Kudos
112
Views

Re: Is phased retirement right for you?

112 Views
Message 2 of 13

In a few weeks I’ll be starting in to what I call phase 2 of retirement. Six months ago I left direct patient care, wearing lead for fluoroscopy cases and taking call. I remained full time but my job then was to call the patients on the phone, do their history and make sure they understood how to prepare for their procedures. Now I’m cutting back on my hours. I’m fortunate that I can still keep my medical benefits even though I have to pay more. Nursing has definitely allowed me a good work / life balance whether it was with a young family and now “phasing into retirement”.  

Report Inappropriate Content
0
Kudos
112
Views
Info Seeker
0
Kudos
219
Views

Re: Is phased retirement right for you?

219 Views
Message 3 of 13

Maybe it would have been. I'll never know. My health conspired against me to force me into sudden early retirement at sixty-one. 

I hadn't put much thought into it as I thought I'd be working until at least seventy. Now I'm trying to figure out what to do given my reduced abilities. I'd be lying if I said that I wasn't depressed over this outcome. 

Report Inappropriate Content
0
Kudos
219
Views
Info Seeker
0
Kudos
380
Views

Re: Is phased retirement right for you?

380 Views
Message 4 of 13
Spoiler
 

I think this is an excellent idea, especially for certain groups. Many men who are retirement age subconsciously tie their identity to their job. Some, because "they are the "breadwinner", some who have worked more then 40 hrs/wk to be successful, and others who have not developed interests outside if family/career. 

For this group, staving off depression and lack of a social group outside of coworkers is a problem. 

In addition, there may be financial considerations such as continued medical insurance, discrepancy in pay vs retirement, etc. 

I certainly will be working a PT job after retirement for all of these reasons. 

Report Inappropriate Content
0
Kudos
380
Views
Bronze Conversationalist
0
Kudos
531
Views

Re: Is phased retirement right for you?

531 Views
Message 5 of 13

Interesting the post above is correct, and I failed to state that I was in a phased retirement for just about a year. I taught art for our local school district on a campus with special needs adults. In that year I had a fellow collegue who joined me in my class for one day a week. In that process I taught her just about everything I knew about my particular art, which was ceramics, water color, scuplturing. However, in ceramics there are many layers to the art: Understanding the medium of clay, understanding the enormous number of glazes and affects, use of the Kiln and techniques that can be used in firing at different temperatures etc.

So I'm in my final month and our employer has moved my collegue into my position, and now the last month is merely fine tuning the process, oversight of her progress, and letting her have the while department.

This phasing was in consideration of the employed, students and staff it will soon affect. The hours were not less, but my responsibility changed from teaching students to teaching a collegue to supervising. 

Hope this clarifies some about my phasiing out experience, and it was a joyful, and rewarding experience for all involved.

Report Inappropriate Content
0
Kudos
531
Views
Info Seeker
0
Kudos
566
Views

Re: Is phased retirement right for you?

566 Views
Message 6 of 13

I’ll probably be criticized for this response but the problem I see with a number of the comments here is that everyone is only thinking about themselves with little regard to their current employer. That said, it is absolutely true that most companies do not have any plan or program in place to transition their older workers into retirement or to offer some kind of phased retirement process. What that means is that it falls upon the employee to propose a phased retirement plan to their employers. One of the most important reasons to justify a phased retirement plan is probably the need for knowledge transfer. A phased retirement proposal to management should highlight all the institutional knowledge someone possesses and some way to transfer that knowledge to younger coworkers. Another option is to take a traditional retirement, but to negotiate a part-time contract to return in a consulting capacity to mentor younger coworkers and to document processes/procedures for others. Just a couple obvious suggestions of many that came to mind when I read this question.

Report Inappropriate Content
0
Kudos
566
Views
Bronze Conversationalist
0
Kudos
573
Views

Re: Is phased retirement right for you?

573 Views
Message 7 of 13

I enjoyed reading all of the entries of how retirement, or the prospectus of retiring is coming. My life is probably no different than most, but I've been privileged to have done many jobs in my life.

I've been a school teacher, pastor, minister, college professor, church musician, composer. At 70 I'm now call it quits as a teacher for special needs adults. I've loved my career and experiences, but phased retirment may not be exactly what will be my goal.

I will continue to teach college music as an adjunct professor, and be a church musician conducting a choir, playing the organ for heritage services and composing music. So while I end one part of my life I will continue to do what I love to do.

So I'll always be working, it's just a matter of focus. Oh, and I love to paint in oils, so I have many oil painting experiences ahead of me. I never planned for retirement until I got into my 50's and said, "Oops, I may make to retirement I'd better do something more proactive, and plan, which I did." Now I'm encouraging my children to not wait till your 50 but do it now while in your 30's. 

I've been blessed, and I've been so grateful for my life. A faithful, loving wife, seven children, and fifteen grandchildren, truly I'm blessed.

So, for me, retirement is just doing more of what I love to do, teach, write, read, compose, perform and give back to my community through loving abandonded animals, and finding them a home.

Blessings to ALL of you and I truly hope your life finds that place of gratefulness.

Report Inappropriate Content
0
Kudos
573
Views
Info Seeker
0
Kudos
656
Views

Re: Is phased retirement right for you?

656 Views
Message 8 of 13

Retirement is a part of life for many.  I have looked forward to retirement since I started working at 18 years old.  I don't want to think of easing into retirement.  It feels like a priviledge, therefore I love to think of the time I can retire.  For me it is now.  After working over 40 years, retirement is deserved and I love it.  If I get bored, there are plenty of places I can volunteer.

Report Inappropriate Content
0
Kudos
656
Views
Info Seeker
0
Kudos
748
Views

Re: Is phased retirement right for you?

748 Views
Message 9 of 13

Why bother phasing retirement. Just retire and enjoy your new adventure.

 

Report Inappropriate Content
0
Kudos
748
Views
Info Seeker
0
Kudos
1043
Views

Re: Is phased retirement right for you?

1,043 Views
Message 10 of 13

Would be open to it but my employer does not offer it. Work full time or quit. If i came back after retireing they would stop my pension benefit.

Report Inappropriate Content
0
Kudos
1043
Views