Retirement may be possible sooner than you expect – in some form, at least. As longer life spans translate into more years at work, an increasing number of people are opting to pursue “microretirement”: taking extended breaks lasting weeks or even months, before returning to employment. These breaks are different from standard holiday leave in that “they’re intentional, unpaid time to rest and recharge”, said Fast Company.
Job hopping Microretirements can take many forms, including quitting a job and finding a new one once you are ready to work again, or “setting up a plan with your employer” that incorporates extended time off, said Fast Company. Or if you’re the boss, it might mean “taking breaks from your business”.
However, microretirement may come at a cost. Taking time away from a job can “affect your earnings, investments and funding your retirement”, not just in the form of a few missed paydays, but also in terms of career advancement. You “could also be seen as a job hopper” by managers or potential future employers, said Kenyetta Nesbitt-Simmons, a senior partner at an HR consultancy. This may pose a particular problem in competitive fields where a microretirement could be seen as slacking off.
‘Why wait?’ The trend is not limited to workers approaching pension age. Younger people are increasingly embracing microretirement, “to avoid burnout, find greater fulfilment in their work and enhance their overall well-being”, said Fast Company.
Although older age may offer more financial stability, it makes “sense from a health perspective to do adventurous travel while you’re in peak health”, said The Independent. “As we live and work longer, retirement can feel so far away,” Michael Edwards, managing director of travel firm Explore Worldwide, told the newspaper. “There’s a sense of ‘why should I wait?’ None of us know what the future holds and for many, retirement might feel too late to do the sort of travelling we have our heart set on.”
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