Using Phased Retirement to Make a Baby Boomer Retirement Work Available to Purchase

Much has been written about the difficulty that baby boomers will face when they begin to retire. Concerns have been raised about the long‐term problems facing the Social Security system, problems with employer provided pension plans, volatile financial markets and unfavorable demographics. The purpose of this paper is to examine one tool that baby boomers can use to make their retirements more successful — phased retirement. Moreover, this paper will attempt to demonstrate that it is in the best interest of not only employees but also employers and government at all levels to promote the growth of this concept.