Submitted by Pat Cote on July 24, 2018
There is change in the air for work and retirement. The lines between them have blurred and in a lot of cases, that can be a good thing.
When we work on financial plans, many of our clients tell us that they do not want to have a hard date in retirement at which they stop all forms of work. Many people enjoy what they do – one of the more common goals is to have some interim stage at which they continue with their profession (perhaps setting up their own business) with reduced hours. Many of the HENRYs (High Earners, Not Rich Yet) that we work with are working long hours, so having a more balanced lifestyle in a pre or early retirement stage is important to them. Of course, this is not feasible for everyone – fortunately, many professions and leadership roles allow for some form of scaled back work.