Retire by Degrees

"It's more beneficial to retire gradually over many years, not abruptly in a single day event."

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  • Phased Retirement: Withdrawal Symptoms

    Withdrawal symptoms are more often associated with the aftereffects of quitting smoking or after a long period of substance abuse. But more generally withdrawal symptoms can occur after any period of prolonged dependence.  And if you’ve been depending on your career for many decades – for your financial support, your social outlet, and providing you…

    Dan McDermott

    July 15, 2022
    Retire Slowly
    #phasedretirement, #retiregradually
  • Best Ever Mid-Year Resolutions

    This summer I’m reading The Bridge of San Luis Rey, by Thornton Wilder. One endorsement touts the book as “…a towering achievement in American fiction and a novel read throughout the world!”  So, I figured I can self-label my blog post the “best ever.” If you’ve traditionally made resolutions and set goals on January 1st, then the…

    Dan McDermott

    June 29, 2022
    Retire Slowly
    #phasedretirement, #retiregradually
  • Phased Retirement: A Bad Time to Retire?

    With the recent steep market downturns I’ve been reading more articles about whether this is a bad time to retire?  If your nest egg has suffered, will you have enough to live on comfortably?  Will the markets go even lower?  Will inflation continue to diminish your purchasing power? Well, as they say, it sells papers.…

    Dan McDermott

    June 15, 2022
    Retire Slowly
    #phasedretirement, #retiregradually, #stagedretirement
  • Phased Retirement: Gap Year

    My past posts have focused on a typical approach to phased retirement.  It seems funny to even write “typical” since the phased approach is certainly less practiced than retirement-as-we-know-it. But a lunch conversation with a friend this week made me think about alternative approaches and how they have value and deserve to be considered as…

    Dan McDermott

    June 4, 2022
    Retire Slowly
    #phasedretirement, #retiregradually
  • Phased Retirement: The Hype Cycle

    There’s a lot of hype about retirement.  Some of the buildup is external via advertising, articles, well-intentioned friends and marketing spin about the wonderful opportunities that await us. But some of it comes from our own internal voices. We go back-and-forth between thinking about how wonderful it will be to ditch all those things about…

    Dan McDermott

    May 25, 2022
    Retire Slowly
    #lifeplan, #phasedretirement, #retiregradually, #retirementplanning
  • Phased Retirement: Tapering

    This week’s post was originally published on the HumbleDollar blog yesterday:

    Dan McDermott

    May 18, 2022
    Retire Slowly
    #phasedretirement, #retiregradually
  • Phased Retirement: Uncertain Times

    Today’s times are uncertain.  Pick up the paper, or glance at the news online on your laptop or phone. Inflation, war in Ukraine, falling stock market, and Covid cases rising again.  It’s mostly scary news with unknown outcomes. But here’s the thing. The times are always uncertain for the people living through them (that’s us).…

    Dan McDermott

    May 13, 2022
    Retire Slowly
    #phasedretirement, #retiregradually
  • Phased Retirement: Halftime Show

    The more I read and learn and write about the process of retirement, the more intrigued I’ve become in discovering differing perspectives.  It’s pretty clear that there is not “one single way” to navigate retirement. One of the resources I’ve enjoyed and taken many nuggets from is a book by Bob Buford titled, Halftime: Moving…

    Dan McDermott

    April 29, 2022
    Retire Slowly
    #phasedretirement, #retiregradually
  • Phased Retirement: “Lousy” Goals

    Andy Grove, the legendary CEO of Intel Corporation, was known for surprising up-and-coming staff with a phone call where he would bluntly quiz them about their career goals at Intel. Most were so intimidated that they could barely speak.  Grove would famously close the conversation with, “Those are lousy answers.  Be in my office within…

    Dan McDermott

    April 21, 2022
    Retire Slowly
    #goals, #goalsetting, #phasedretirement, #retiregradually
  • Phased Retirement: The First 90 Days

    For anyone starting a new role and going through a career transition, Michael Watkin’s 2003 book, The First 90 Days, is an excellent guide.  The subtitle is, “Critical Success Strategies for New Leaders at All Levels.”  The book provides insights and specific steps to help job-changers navigate the unfamiliar surroundings of a new role –…

    Dan McDermott

    April 14, 2022
    Retire Slowly
    #phasedretirement, #retiregradually
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