Phasing In and Out of Retirement

Instead of stopping work cold turkey, more seniors are transitioning into retirement by switching to less-demanding jobs and more flexible work schedules.

Does anyone quit work entirely these days? Sure. But the concept of retirement has become increasingly fluid, says Richard Johnson, of the Urban Institute. About 25% of retirees are working again in some capacity within five years of leaving the workforce, he says. At the same time, people 50 and older often downshift to less demanding types of work before ending their careers.

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Jane Bennett Clark
Senior Editor, Kiplinger's Personal Finance
The late Jane Bennett Clark, who passed away in March 2017, covered all facets of retirement and wrote a bimonthly column that took a fresh, sometimes provocative look at ways to approach life after a career. She also oversaw the annual Kiplinger rankings for best values in public and private colleges and universities and spearheaded the annual "Best Cities" feature. Clark graduated from Northwestern University.