What is 'flextirement' and how common could it become?

What is 'flextirement' and how common could it become?

Assessment

Interactive Video

Life Skills, Business

University

Hard

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The video discusses the evolving concept of retirement, highlighting the shift from traditional retirement to 'flex retirement,' which allows a gradual transition from full-time to part-time work. This change is driven by demographic shifts and a shortage of experienced workers in the U.S. The video explains the benefits of flex retirement, compares it with phase retirement, and discusses legislative efforts to support it. Despite its advantages, widespread adoption faces challenges, with smaller firms more likely to implement it. A case study of Swiss Re's program illustrates potential future trends.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What demographic shift is contributing to the need for Flex Tirement in the United States?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the concept of 'Flex Tirement' and how does it differ from traditional retirement?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

How does Flex Tirement benefit both employees and employers?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What challenges do proponents of Flex Tirement face in implementing this option?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

Can you explain the significance of the 'Flex 58 Plus' program mentioned in the text?

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