Career Advice & Articles

Transitioning into (Partial) Retirement

Unlike previous generations, for whom retirement was considered a time to wind down, many baby boomers will spend this era of their life pursuing both work and leisure. In fact, eight in 10 individuals within the baby boomer demographic expect to work after they retire, according to the AARP.

For many, continuing to work is an economic necessity, while others welcome the intellectual stimulation and social interaction. Staying challenged and remaining productive also are often cited by retirees as major reasons to work. Whatever the reason, this much is clear: those who are entering the retirement stage want a choice as to whether they stay in the workplace.

For those entering the “golden era” of their professionals careers, here are some items to consider when making the transition:

• Consider a phased approach. Some companies allow phased retirement, an option that allows employees to work reduced hours for a period of time before they leave permanently. With this alternative, retirement becomes a gradual process rather than an abrupt event, and the bridge period can often be used to transfer knowledge and skills to other colleagues.
• Volunteer. Many nonprofit organizations and community groups value the assistance of experienced accounting professionals. Try to find opportunities that are a match with your personal interests and convictions. For example, you could volunteer to provide your budgeting and forecasting expertise to a food bank or help in identifying new financing options for your local animal welfare organization.
• Work as a project professional. Temporary or consulting assignments can provide the flexibility and varied employment options that many retirees desire. In addition, employers looking for interim talent want experienced self-starters who possess excellent people skills, which is often a perfect fit for recent retirees. Contact your local temporary staffing firm to let them know of your interest and availability in project or part-time work.

  This article is provided courtesy of Robert Half Management Resources.  For more information, visit www.roberthalfmr.com.