Semi-retirement, also known as partial or phased retirement, is a popular approach for younger individuals who want to maintain a work-life balance. It allows them to work part-time while still enjoying the benefits of retirement. However, transitioning into semi-retirement requires careful financial planning to ensure a smooth transition and cover essential expenses. Health insurance is another important consideration, as part-time workers may lose eligibility for medical benefits. Additionally, retirees need to be mindful of market downturns and adjust their investment strategies accordingly. By creating a personalized spending plan and exploring other sources of guaranteed income, retirees can have more financial security and flexibility in retirement the hosts recommend considering tax-advantaged income options, such as Roth IRAs and Social Security, and planning for healthcare and travel expenses in retirement. They also address questions about converting to a Roth IRA and contributing to a Roth 401(k). The conversation concludes with an offer for a complimentary financial review.

Call Chris Longworth and the team at The Financial Education Group at 800-719-7917 or visit wealthdefender.com.

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