The standard retirement roadmap—work repeatedly till 65, then get pleasure from your golden years—is being rewritten by a brand new technology. Enter micro-retirement, the observe of taking prolonged profession breaks all through your working life, which is gaining traction globally and resonating strongly with younger Singaporeans. The logic is straightforward: Fairly than deferring all relaxation and experiences to the tip of your profession, why not get pleasure from life as a journey whenever you’re bodily energised? What makes micro-retirement completely different from conventional retirement planning is the shift from linear accumulation to creating means for periodic pauses with out sacrificing long-term adequacy, which signifies that retirement planning will look very completely different. Nonetheless, as we all the time say, monetary planning doesn’t should be sophisticated. On this article, we discover the trade-offs and the way one could make intentional selections about the way in which you handle your funds and time for micro-retirement.
What’s micro-retirement?
Micro-retirement (additionally termed mini-retirement) is about taking…
