Flourish Health & Wellbeing eMag - Latest Edition - Flipbook - Page 48
CONS
1. Income Loss:
No work = no
pay. Unless you’re
freelancing or
genera琀椀ng passive
income, you’ll need
to fund the break
from savings. Careful
budge琀椀ng is essen琀椀al.
t
Why people are choosing
Mini-Retirements
PROS
1. Recharge and Reset:
Micro-re琀椀rements can prevent burnout and improve mental
wellbeing. A昀琀er years of long hours and stress (with 13% of
Aussies working very long hours according to the OECD), many are
choosing to pause and priori琀椀se health.
2. Life Experiences Now, Not Later:
Rather than wai琀椀ng un琀椀l re琀椀rement to travel or explore passions,
micro-re琀椀rements let people do these things while they’re younger,
more energe琀椀c and o昀琀en healthier.
3. Personal Growth:
Time away from work allows space to study, develop hobbies, or
explore a new direc琀椀on. Some use the break to volunteer, write a
book, or test a new business idea.
4. Career Clarity:
Stepping away can o昀昀er fresh perspec琀椀ve. Many return with clearer
goals, be琀琀er mo琀椀va琀椀on or even pivot to more ful昀椀lling roles.
2. Superannua琀椀on
Impact:
No work also
means no super
contribu琀椀ons. Over
琀椀me, that could
signi昀椀cantly a昀昀ect
your re琀椀rement
balance. Compound
growth lost now
may mean less
security later.
3. Career Stagna琀椀on:
You might miss
promo琀椀ons or fall
behind in fast-paced
industries. There’s
also poten琀椀al
s琀椀gma around CV
gaps – though that’s
changing.
4. Insurance Risks:
If you have income
protec琀椀on or life
insurance through
your super fund,
inac琀椀vity could
trigger automa琀椀c
cancella琀椀on of cover.
You may need to optin to retain it.
