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So called soft retirement gains attention for workers facing financial limits
The article frames a gradual work transition as a way to keep at least some income in retirement, which can support the longevity of a nest egg.
Yahoo Finance explores how some Americans are choosing a so called soft retirement, working less but not fully quitting, particularly when they need income or want flexibility as they age.
The piece uses a hypothetical example of a 57 year old worker who feels burned out and cannot afford to stop working entirely after a family death, raising the question of how to make a decision that makes sense while balancing grief with practical finances.
It notes that nearly half of Americans expect to transition into retirement gradually rather than retiring suddenly, and it cites a wealth advisor saying that retirement does not need to mean fully stopping work.
According to the article, keeping even a modest amount of additional income in retirement can have an outsized impact on how long a retirement savings balance can last, including scenarios where a worker shifts from a full time stressful role to more flexible work even with a pay cut.