Instead of full retirement, many opt to ‘phase out’ of work
Seven years ago, Steve E. Norwitz, who was then a 61-year-old executive at the Baltimore mutual fund group T. Rowe Price, proposed a scaled-down work schedule that would reduce his duties.
“I didn’t figure it would go beyond two years,” said Norwitz, who started working at T. Rowe Price in 1977. In fact, “10 years ago, I thought I’d retire at 60.”
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