Retirement is a chapter in life often synonymous with relaxation, leisurely pursuits, and a well-earned break from the daily grind. Yet, as the world evolves, so does how we approach this milestone. No longer confined to a one-size-fits-all formula, today’s retirement experience is dynamic, multifaceted, and highly individualized. More than before, people are mulling the idea of a delayed or phased retirement.
Factors like increased life expectancy, desire for continued work engagement, and desire to ensure financial security have propelled two alternatives into the spotlight—phased or delayed retirement. Delayed retirement involves extending your professional journey, whereas phased retirement involves gradually downsizing your work responsibilities over time.