The most popular way people delay their retirement on their terms is by working out a flexible arrangement with their current employer. This can work for you both in that you get the reduced hours you want and your employer doesn’t lose the skills and value that you bring. Here are a few ways you can change your job to fit the life you want.

Full-Time To Part-Time

Stay where you are on a part-time basis. Your current employer may be the best place to work and the most flexible to work with. There may be some part of your job that could easily be handed off to others as you continue with the truly valuable things you do. You may be able to maintain some benefits with a negotiated compensation arrangement but you will need to be flexible.

Phased Retirement

There are many types of phased retirements. They all are centered on helping the employee gradually leave the company while giving the company time to find a replacement. The one I see the most is where you work out a timeline, say 2 years where you reduce the hours you put in in stages until full retirement.


If there are others you work with that do the same thing as you, job-sharing is an excellent option. You and your job-sharing partner share and use the same work space and tools (computer) and do the job as one full-time person. This will require close coordination and trust between both employees and with your employer.

Freelance / Consulting Work

If you want total control of your time and work, and you provide a valuable service to the company, being a consultant or freelance contractor could be your best option. You work on a project by project basis depending on the need. Over the last 4 years, I’ve averaged 6-7 months of work, some of it full-time and some of it, a couple days a week. This gave us the freedom to travel and launch this blog.

Important Notice: When considering the various options, review them with your financial advisor and tax person (both of which I am not). There are limits to how much you can earn if you’ve claimed Social Security and there also may be tax implications to consider with Social Security and other sources of retirement income.

From The Employer’s Perspective. 

When discussing retirement, the topic tends to be from the retiree’s point of view. Rarely is the conversation about how the retirement of a key employee will affect them and the business they are leaving. 

The number of retiring baby boomers out numbers the amount of younger workers coming in to replace them. This is causing a shortage of qualified workers. It is also creating a brain drain where the valuable knowledge and experience is leaving with the retirees. 

Being flexible with retirement age people can prevent disruptions to critical operations. It will also reduce the expenses involved in hiring and training new people. 

Having the old pros around to help with on-boarding new hires could be a great benefit. Employers will also be able to use these people to mentor younger people in advance of the retiree leaving their jobs. 

75% of companies polled in a recent survey said they would allow older worked to reduce their hours instead of losing them to full retirement.

In my next post I’ll get into how you can be proactive and take control as you approach Your Extra Inning. Please leave a question or comment.