Do the same job, but work less
Larry Schaffel, director of public relations for Magellan Development Group, says that he retired after selling his PR agency. Then, a former client offered him his current job on a 2-day-a-week basis. "Impossible to say no," says Schaffel. Many professional jobs allow for a phased transition to retirement, in which you may work fewer hours each year over several years. Or, keep your former employer as a client and work part time.