Welcome to Retirement Scan, our daily roundup of retirement news.
How employees can negotiate a ‘phased retirement’
A “phased retirement” option will benefit both workers and employers, according to this article in The Wall Street Journal. Seniors who negotiate for such an arrangement should consider their finances, flexibility and mutual benefits. Parents may also open a Roth IRA for their minor children to encourage the young to save. Seniors who turn 70 have the option of donating directly to charity, count the donation toward their required minimum distribution and avoid paying taxes on the withdrawal.
