In a 2004 survey on phased retirement preferences, older workers said they hoped to work part-time (63 percent) or more flexible hours (48 percent). Sixty-three percent of currents workers aged 50 and older want to phase in an entirely different career. There is a gap between employee preferences and what their current employers allow.

Watson Wyatt Worldwide. (2004). Phased retirement. aligning employer programs with worker preferences. 2004 survey report. Washington, DC: Author.

"This report explores how and why workers phase and how phasing affects when workers fully retire. This information can help employers shape phased retirement programs that will enable them to more effectively manage their workforce and ensure an adequate supply of talent and experience in the years to come. To better understand the phasing process, Watson Wyatt Worldwide commissioned a telephone survey in 2003 of 1,000 individuals between the ages of 50 and 70."

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