The “Glidepath” to Semi-Retirement

Depositphotos_11509531_s-2015My latest MoneySense Retired Money column looks at a concept called “The Glidepath” approach to semi-retirement. Click on the highlighted text for the full version, which is headlined How to Transition Into Retirement.

The “Glide Path” is a term used by veteran and now semi-retired financial advisor Warren Baldwin. At 66, Baldwin still works part-time as a senior vice president T.E. Wealth, working out of Oakville, Ont.

When used in the context of airplanes and flight, glide path is a familiar image that Baldwin’s clients easily understand. His own “glide path” to semi-retirement began three and a half years ago. “Maybe it takes five years because it takes two years to plan and get your mind around it. For me, it was coming up three years ago, when I was 63. The timing was right.”

The “Work Optional” stage of life

Another way to describe this is the “Work Optional” stage of life, a term popularized by Emeritus Retirement Solutions’ Doug Dahmer, who is a frequent contributor to the Hub’s “Decumulation” pages. See for example, this post.

See also a recent two-part review of Victory Lap Retirement by NestWealth.com’s Kate Smalley that also focuses on this “Work Optional” theme: Work while you play, play while you work: the case for Semi-Retirement. Or my Hub blog talking about the same review: The Work Optional Stage: Work because you WANT to, not because you HAVE TO. Read more