Everything You Need to Know About Phased Retirement

Real Simple explores phased retirement — gradually reducing hours instead of leaving all at once — covering the chance to practice retirement, the reduced pressure on a portfolio, mental health benefits, smoother succession planning, and the risk of reduced Social Security benefits. Ryan Cicchelli of Generations Insurance & Financial Services offers the skeptical view: early access to benefits plus a reduced paycheck can drain a retirement pool faster than planned, so run the numbers with an advisor before committing.