Phased retirement (or gradual retirement) normally means that an older worker remains with his or her employer while gradually reducing effort and hours worked. The reduced work time is viewed as a step toward full retirement and can take the form of fewer hours per day, week, month, or year. The term phased retirement is
Broadly conceptualized, retirement is the departure from a job or a career path, usually occurring sometime after the age of 50, where the individual retiree displays a limited or nonexistent psychological attachment to work after the departure. Retirees are normally differentiated from non-retirees based on several criteria, including tending to spend less time working for
There is no strict legal definition of early retirement, as a mandatory retirement age is illegal for most occupations in the United States. Individuals can begin receiving Social Security benefits from 65 to 67 years of age, depending on year of birth. Therefore, early retirement is often defined as choosing to leave the workforce prior
Financial planners help people invest for the future. Retirement planners are financial planners who specialize in the financial needs and concerns of people planning for retirement. Some retirement planners work for corporations of all sizes; many others are self-employed. Retirement planners have diverse backgrounds in fields such as banking, accounting, law, and life insurance. There
Retirement is a general term that has traditionally referred to older adults’ disengagement from the workforce. As an area of research inquiry, it is a broad concept that has been studied by a number of disciplines, including economics, gerontology, and organizational behavior, as well as developmental and industrial and organizational psychology. Appropriately, these fields have