Oyin Adedoyin
speaker
1,572 appearances
36 recordings
1 series
first heard Mar 2023
last heard Feb 2025
Oyin Adedoyin’s voice in public audio — every appearance, attributed to the second.
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WSJ Your Money Briefing · How Some People Work Mini-Retirements Into Their Career · 4 Sep 2024
podcast
It's been a thing in other fields in recent years, at least.
According to the Society for Human Resource Management, about 6% of employers offered paid sabbaticals, while 8% offered unpaid ones.
And that's as of this year.
So some employers see this as an employee retention mechanism.
A lot of the people that I spoke with for this story who were taking these breaks actually had to quit their jobs in order to do so.
These aren't people who are living below their means, living frugally in order to save up as much as they can to retire in their 30s or 40s, like you said.
These are people who are maybe in their late 20s, early 30s, who see long careers for themselves and want to just take more frequent breaks and mix in a bit of that retirement, borrow those years from their later selves to enjoy that fun now.
Well, it varies.
Some of the people I spoke to are thinking about penciling this in maybe every 10 years or so in their career.
So if you think about working until you're maybe 65, that could be three mini retirements if you're 30 now.
Other people are thinking about maybe spacing them out a little bit more and doing two along their career.
I spoke to a lot of financial advisors for this story, and surprisingly, they weren't pulling any alarms on this idea of micro-retirements.
They were saying that if people are saving properly for this and really mapping out their budget and how much money they would need over the course of the entire thing, this could actually be a really good thing for people who are maybe trying to ease into retirement or people who are trying to figure out what they would like to do when they officially take that time off.
So financial advisors recommend that people first pay down all of their debt.
If you owe any student loans or if you've got any huge mounting credit card debt, you definitely want to pay that down before you even think about taking one of these micro-retirements.
They also suggested that people take a look at how much money they usually need in a month and
And then maybe tack on a few more months past the expected amount of time they want to take off.
That is some buffer time that gives you room to apply for jobs and get yourself settled before you run out of money.
It's the classic idea that people are very present-minded.
A lot of the people that I spoke with for this story are in their late 20s and early 30s.
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