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Thursday, November 7, 2024

Mini-retirements are all the rage, but what exactly does it entail — and can you afford to take one?

Taking a mini-retirement can be game-changer but you have to plan financially to make it work — just ask the people who took one

Rana Savegh: ‘Don’t do mini-retirement because someone else is doing it. It has to be right for you.’ Photo: Gerry Mooney

Retirement has long meant the same thing: work all your adult years, retire in your 60s and then get to enjoy your life. But what if you could enjoy the perks of retirement throughout your working life?

In 2007, life-hacker Tim Ferriss proposed the idea of ‘mini-retirements’ in his bestselling book The Four-Hour Work Week. He described them as redistributing your retirement throughout your life by taking regular periods of time off work to travel, indulge in your hobbies, or just relax.

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