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Part-Time Retirement Growing in Popularity
Phased retirement, or the process of working part-time before taking a full-time retirement, is becoming popular among many advisors' clients. So reports Financial Advisor Magazine.
Many clients undertake part-time retirement may simply seek to have more free time, while complementing their pensions and social security payments with income from part-time jobs. Other clients may use retirement to pursue new business ventures or consulting work. Clients need to be advised, however, that lower earnings from part-time work may result in reduced Social Security benefits and can influence pension payments.