According to a new Aflac Workforces Report, workplace burnout affects three out of five American employees. Schwab Intelligent Portfolios Premium CFP Kate Goesel discusses how "micro-retirement" could help address this growing trend.
Goesel explains that micro-retirement involves taking extended breaks of six months to two years from work before returning to the workforce rather than following the traditional path of working continuously until age 65. This trend is particularly popular among workers in their 20s and 30s.
According to Goesel, the benefits of micro-retirement include opportunities for "self-actualization," career path exploration, mental rejuvenation, and gaining "a renewed sense of direction." She also notes that this break could help with finances by taking advantage of low-income opportunities like considering Roth IRA conversions.
To watch more expert insights and analysis on the latest market action, check out more Wealth here.
This post was written by Angel Smith