Reply to People with $5M+ NW, why do you still choose to work?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I’m 54 and there.  I’m not ready to retire yet but have cut back on my hours by 1/3rd.

We plan on retiring in the next 2-6 years.  I really like what I do and am fortunate to be able to do a few days a month if I want.  So my idea of retirement is working 1/3rd of full time.[/quote]

To this poster: When did you start scaling back? I am a bit younger and looking to do this same thing but just can't seem to pull the parachute to ask my employer to scale back. We have enough money but still hard to give up the paycheck.[/quote]

If you work full time and this is your position (which is also required to get healthcare coverage) then how will you scale back?  If you ask your employer for part time arrangement when your position is full time they'll say no.  Professional jobs iwth part time hours are very hard to find unless you are self employed and do some sort of on-demand consulting like services for your old clients.  But you have to pay for your own health insurance. Also small business owners with employees can work part time if their business is stable, ditto medical/dental providers or lawyers who have established their practices long ago and no longer have to work crazy hours.

Regular W2 workers rarely get PT arrangement if ever.[/quote]

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