This week, Tim Regan and Katie Umland explore the realities of semi-retired life—a stage where you’re “kind of working, you’re kind of retired” and figuring out how to make it work for you. They discuss common reasons people choose part-time or consulting work in retirement, from financial necessity and personal interests to simply needing something to do outside the home.

Tim and Katie candidly reflect on the challenges and opportunities this lifestyle presents, emphasizing the importance of intention when designing your retirement years. As Katie notes, “If you’re gonna fill it with something, be intentional about what you’re filling it with. Don’t let your day get filled.” The conversation covers making a list of what you enjoy (and what you don’t), weighing domestic roles alongside work, and practical strategies for blending part-time income with Social Security and future financial security.

Whether you’re concerned about losing purpose after leaving full-time work, worried about navigating part-time pay and taxes, or simply looking for ideas on how to create a more fulfilling retired life, this episode lays out thoughtful steps for making the transition.

3 Key Takeaways

1. Semi-retirement is most successful when you intentionally design both your work and personal life around activities you value, rather than just letting your calendar fill up by default.
2. The transition to consulting or part-time roles often has a narrow window of opportunity—so if you’re considering this path, it’s important to act while your industry experience and network are still fresh.
3. Understanding how part-time work interacts with retirement benefits, like Social Security, is critical—working with an advisor can help you avoid unexpected pitfalls and optimize your financial plan.

Tune in for stories, practical tips, and a discussion on how building the right retirement lifestyle starts with knowing yourself—and making a plan that matches your vision. Don’t forget to check out more episodes and resources at pv-wp.com!