Sabbaticals and mini-retirements

lifestyle design — By on October 13, 2008 at 11:27 am

Since I’ve long been an advocate of sabbaticals, I was intrigued to come across this article on the Brazen Careerist website. The piece is titled “10 Ways Generation Y Will Change the Workplace,” and sitting there at number four is – “We’ll Redefine Retirement.” How? Through a series of sabbaticals, or mini-retirements, throughout one’s lifetime.

Retirement is dead. It’s dead for a number of reasons, including the issues with social security and middle class America’s inability to save any money. But Gen Y will figure out how to save money to retire–we’re already demanding 401K’s and excellent benefits. However, we will re-invent retirement by taking multiple mini retirements instead of calling it quits a few years before its time to croak. Maybe in our late twenties we’ll take a few months just to travel the world. Then, as we approach parenthood and our kids grow up, we’ll take a year off to enjoy time with our family. Then we’ll return to work, refreshed and ready to go. When we hit 65, it will be the new 45 and we’ll have a solid 15 to 20 years left before we take our final, very brief, mini retirement. 

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