Semi-Retirement
Semi-retirement means a retirement from your current full time job, but necessarily from any work.
You could be pursuing a new career of your true passion, starting a business you already loved, or engaging in consulting or part-time work in your previous field. There are plenty of resources helping people in this life style.
Such scaled back work brings both personal fulfillment and ongoing financial assistance, which means you could actually retire from your current job earlier than the traditional retirement time!
Temporary Retirement
Temporary retirement means you take breaks from your current full time job/work, for a limited time, after which you go back to the working field, and you do this several times in your life.
In this types of retirement, retirement is not the end goal anymore. Instead, retirement becomes a transition between extended careers, and your end retirement will be shortened compared with the traditional retirement, as you have taken it a lot younger and several times before!
So, which types of retirement do you prefer? Traditional, semi-retirement, or temporary retirement?
In our next blog post, we will discuss the implications of the different retirements.