Many employees suspect they'll be happier if they don't quit work cold-turkey, but few end up actually taking part-time jobs.
In fact, only one-quarter of people ever work for pay in retirement, according to the Employee Benefit Research Institute. The benefit of downshifting to a part-time job you enjoy, however, is far greater than the extra spending money.
Studying several hundred college professors who cut down their hours upon retiring but didn't completely quit, researchers found that the greater the involvement in part-time work, the more likely the professors were satisfied with both their retirement and life in general.
While you may like staying in the game, be aware that you'll increase strife on the home front if you use your workload as an excuse to avoid taking out the garbage and picking up food at the grocery store. A separate study of retired physicians -- 95% of them male -- found that the increased time that the doctors spent on household chores in retirement was significantly associated with wives' life satisfaction. Sometimes love is just about making dinner -- and doing the dishes.