Retail

The Benefits of a Phased Retirement for Well-being and Work-Life Balance

Tina Bonanno, a 68-year-old information architect at KPMG, found herself at a crossroads after a period of significant illness in 2022 and 2023. Her health issues, including a knee replacement complication and subsequent infection, led to five months of disability leave from her demanding IT role. Upon returning to work, she grappled with severe brain fog and difficulty concentrating, making her typical 50 to 60-hour workweeks and managing up to 10 projects unsustainable. This struggle pushed her to the brink of burnout, prompting her to consider full retirement as she approached Social Security eligibility at 66.

However, Bonanno realized she was not financially prepared for complete retirement and lacked alternative income sources. Consulting her financial advisor in late 2024 revealed that her retirement savings, combined with Social Security, would only sustain her until age 87. Given her family's history of longevity, this presented an unacceptable risk. Rather than abruptly leaving her decade-long career at KPMG, she sought a more gradual transition, which she termed a 'soft retirement.' She proactively researched company policies and discovered that KPMG supported reduced hours for long-term employees. Bonanno then meticulously crafted a proposal, emphasizing her valuable subject-matter expertise and institutional knowledge, framing the change as a strategic benefit for the firm's operational continuity.

Her proposal, which involved working approximately 20 hours per week at half her regular salary and pro-rated paid time off, while crucially retaining her full benefits, was accepted in January 2025. This newfound flexibility coincided with her move to a new home that required considerable renovation, allowing her ample time for unpacking and engaging in her hobbies of gardening and woodworking. The reduced work schedule significantly lowered her anxiety and offered a profound sense of peace. She now enjoys her extended weekends, dedicating time to personal projects like writing a book, while maintaining professional engagement and a steady income during her three designated workdays. This 'half-in, half-out' arrangement has been largely successful, with colleagues respecting her boundaries and minimizing meetings outside her scheduled hours.

Tina Bonanno's journey exemplifies a proactive and empowering approach to navigating later career stages. Her strategic move to a 'soft retirement' not only addressed her personal health and financial needs but also allowed her to redefine her professional engagement on her own terms. This model offers valuable insights into fostering well-being, embracing personal passions, and maintaining a dignified, productive role in the workforce as one approaches traditional retirement age.

Former VC Investor Reflects on Motherhood and Redefining Ambition

Chloe Steinberg, a successful venture capitalist known for her early investment in Canva and leadership at Equinox Ventures, embarked on a profound personal and professional journey after the birth of her second child. This shift led her to step back from her demanding career and re-evaluate her understanding of success, ambition, and personal identity. Her narrative explores the internal and external challenges of transitioning from a high-powered corporate role to stay-at-home motherhood, grappling with societal expectations and the desire to instill different values in her children.

Steinberg’s decision to leave her firm four years ago coincided with a significant financial milestone: a life-changing exit from an early-stage tech investment she had made in her early twenties. This financial independence allowed her the flexibility to envision a new chapter, one where her presence in her children’s lives took precedence over constant travel and deal-making. She articulated a clear desire to redefine her priorities, stating that sharing breakfast with her children held greater value than any business deal she might close.

The transition, however, was not without its difficulties, particularly an “identity crisis” that arose after relocating to Connecticut, where her professional achievements were unknown. The constant inquiry, “What do you do?” highlighted the societal emphasis on titles and accomplishments, making her feel the need to justify her new role as a stay-at-home mother. This experience made her realize that the most challenging aspect of stepping away from her career was confronting her own ego. Despite her new path, she felt compelled to prove her continued intellectual capacity and ambition, emphasizing that her “brain” remained active, merely redirected to different endeavors.

A pivotal moment occurred when a friend, a CEO of a prominent company, questioned her sudden silence and lack of public contributions, reminding her of her past role as a thought leader. This prompted Steinberg to reflect on how years in a competitive environment had eroded her innate “bravery” and intuition, crucial qualities for a successful investor. She realized the importance of trusting her gut instincts, a trait often suppressed by the need for meticulous diligence and consensus in corporate settings. This introspection solidified her commitment to ensuring her own daughters would never feel silenced or compelled to suppress their authentic selves.

More recently, Steinberg made a strategic investment in a Silicon Valley startup, initiating contact with the founder and articulating her passion for the company’s vision. This experience rekindled her sense of professional validation, proving that her expertise and insight remained sharp, independent of a corporate title. She now questions the conventional definition of ambition, particularly as it relates to relentless striving. While acknowledging her privileged position, she now views ambition as a “tool for navigating life” rather than an end in itself, prioritizing meaningful pursuits like raising her children. Her journey underscores a broader societal conversation about work-life balance, the evolving definition of success, and the profound impact of motherhood on women’s professional identities.

See More

From Tech Giant to Entrepreneur: A Journey to Purpose and Fulfillment

This narrative recounts the transformative decision of an individual who transitioned from a lucrative role at a major tech company to embrace a career in coaching startup founders, a move that brought increased personal satisfaction and a better work-life balance.

Embracing a New Path: Prioritizing Purpose Over Corporate Prestige

The Genesis of a Career Shift: From Product Manager to Entrepreneurial Coach

I am the driving force behind Refactor Labs, serving as its founder and CEO. My expertise lies in executive coaching and resolving cofounder disputes. My professional journey began with a two-year tenure as a product manager at Etsy, where I specialized in developing the seller-focused mobile application. Following a series of significant organizational layoffs, I transitioned to contract product management for an emerging B2B SaaS venture. During this period, I also participated in the TED Residency, an incubator for innovative ideas, culminating in a TED Talk on the future of recruitment.

Founding and Acquisition: A Winding Road to Meta

In November 2017, I co-founded Headlight, a technology recruitment platform, alongside a former colleague from Etsy. By 2019, we strategically redirected our focus to voice AI products for the gaming industry, subsequently rebranding our company as Midgame. In July 2020, our company was acquired by Facebook, now known as Meta.

I dedicated nearly three years to Meta as a product leader before making the deliberate choice to depart in June 2023 for a sabbatical. My coaching endeavor, initiated during my time at Meta, truly gained momentum and became a serious business in January 2024.

The Unexpected Turn: Meta's Acquisition and Professional Growth

Our initial ambition was not to be acquired by Meta. However, the prevailing circumstances of global lockdowns, particularly in New York City, made the acquisition feel like a necessary emergency landing for a company running on fumes. My experience at Meta significantly broadened my professional capabilities. I honed my skills in championing my team's initiatives during high-level product reviews with Vice Presidents and successfully launched social features to millions of users while simultaneously managing multiple product teams. The caliber of my colleagues was exceptional, and I relished the collaborative environment. Yet, over time, my professional life became a relentless cycle of back-to-back meetings, extensive document reviews, and an overwhelming influx of information. The organization was in a constant state of flux, witnessing numerous managerial changes, restructurings, and layoffs. While the compensation was substantial—my total cash earnings, encompassing salary and bonuses, amounted to approximately $250,000 annually at that juncture—I could not envision myself continuing in this role for another two decades.

The Financial Calculus of Departure: Forfeiting Millions for Fulfillment

My tenure at Meta surpassed that of any previous employer. During my employment, I was accumulating 230 restricted stock units (RSUs) from Meta each quarter. Had I remained for an additional three years at the same vesting rate, I would have accrued an extra 2,760 RSUs. Valued at a recent Meta share price of approximately $609, these unvested RSUs would have been worth roughly $1.68 million before taxes. In preparation for my departure, I strategically liquidated a portion of my investment portfolio, setting aside approximately $150,000 as capital for launching my coaching enterprise.

Discovering True Vocation: Aligning Passion with Profession

In the latter half of one's thirties, a clearer understanding of one's innate talents and their market value often emerges. At Meta, my contributions included fostering a resilient community of hundreds, orchestrating workshops, and mentoring burgeoning professionals. These activities, though deeply fulfilling to me, were categorized under “organizational impact” and constituted only a mere 10% of my performance evaluation. The work I found most enjoyable and excelled at was not the primary focus of my corporate remuneration. Influenced by my mother, a gymnastics coach, and my father, an educator and community leader, coaching came to me quite naturally. My previous startup benefited immensely from the guidance of an executive coach, making it more successful than my first venture. Witnessing two professional acquaintances successfully transition to full-time coaching fueled my belief that I could achieve similar success. Starting a new business still presented considerable risks, particularly as my wife and I were planning to start a family. I realized this was my window of opportunity, as launching a business with a newborn would be insurmountable. My contingency plan was to secure another product manager role and avail parental leave if my coaching business didn't gain traction within a year.

Balancing Work and Life: A Fulfilling Coaching Practice

I dedicate approximately 20 hours per week to my work, yet I maintain a comfortable living. In the past year, my coaching practice generated $369,000 in revenue. While this figure is substantial, it's important to account for business expenses such as credit card fees, marketing, software, coworking space, and health insurance. The majority of my clients operate on a monthly retainer basis, whereas those navigating cofounder disputes typically opt for three-month packages. My primary responsibilities revolve around virtual meetings. I deeply value and respect my clients, a significant advantage of running my own enterprise. Although I previously had an executive assistant, I've since mastered the use of artificial intelligence to optimize my time and efficiently manage client tasks. While some individuals are driven by the ambition to create experiences that impact millions, I find that concept abstract. My true gratification comes from witnessing my clients develop self-assurance, expand their businesses, and enhance their relationships with their cofounders. This translates into a tangible and profound impact for me.

Pursuing Personal Passions: Creative Endeavors and Family Life

Currently, I am immersed in writing a book titled "Deep Ambition," which explores how former overachievers can transcend superficial ambitions to construct a meaningful life on their own terms. Concurrently, I am rigorously training to achieve a personal best in the Murph challenge. My weekdays conclude at 5 p.m. with either a trip to the playground with my daughter or a stroller run. Dinner is at 6 p.m., followed by bath time, milk, and bedtime by 7:30 p.m. Prior to our daughter's birth, I made a solemn promise to my wife that I would not allow parenthood to impede her career, which is creatively driven, non-corporate, and profoundly important to her.

Reflecting on a Pivotal Decision: Gratitude and Future Aspirations

I am profoundly grateful for having departed Meta when I did. While the prospect of an additional few million dollars in my bank account is tempting, it's an outcome that would have necessitated years of relentless effort. My current work week is markedly less chaotic and stressful compared to my tenure as a Product Manager. My business is still in its nascent stages, only three years old, with considerable potential for expansion. A key objective is to surpass the comprehensive compensation I earned in Big Tech, with a target date of 2028. Additionally, I hope to be a father of two by then. The current job market is exceptionally competitive, marked by widespread layoffs across numerous companies. I believe that many seasoned tech professionals could discover greater fulfillment in coaching or consulting than they might anticipate. While it demands courage and substantial resources to initiate such a venture, the ultimate rewards in terms of personal and professional satisfaction can be immensely greater.

See More