Planning for a Phased Retirement
[13 May 2005 - Third Age] If you had the opportunity to ease into retirement by working part-time while drawing part of your pension, would you do it? Current federal rules say workers who are covered by traditional pensions, or defined benefit plans, must retire completely from that company to collect benefits. But that may soon change. The Internal Revenue Service is proposing to allow phased retirement, a change that could ease the transition from employee to retiree for millions of workers and help alleviate the upcoming worker shortage. ...