My brother just died, and I don't want to work anymore, but I can’t afford to quit. Is a ‘soft retirement’ the solution?

When a loved one dies, experts recommend avoiding major decisions for six months. However, some people feel compelled to act, such as making changes to their career after losing a sibling. A soft retirement may be an option for those who feel they must quit their job, but it depends on individual circumstances. Financial advisor Mary Ware suggests tapering down working hours instead of quitting completely.

It's important to consider how much income is needed to cover expenses and maintain long-term goals like travel and healthcare. Lowering earnings could also reduce Social Security benefits and delay access to retirement savings. A comprehensive plan should address finances, insurance, professional interests, and logistics. Consulting with a career coach can help older workers transition into a soft retirement that meets their needs.