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Younger Generations Want to Retire By 60. Their Strategy Is a Win-Win for Everyone. This retirement trend is becoming a non-negotiable for Gen X, millennials and Gen Z. The good news is that it benefits both workers and employers.

By Frances Dodds Edited by Frances Dodds

This story appears in the July 2024 issue of Entrepreneur. Subscribe »

Connie Goodnight runs human resources at Tank Connection, a rural Kansas company that makes liquid and dry bulk storage tanks. Five years ago, their head project manager made an unusual request: She was looking at early retirement, and wondered if she could reduce her hours gradually, instead of calling it quits on a set date. At first, Goodnight wasn't sure it was feasible. "We employ about 350 people, and like most companies in our size range, we're very cost-conscious," she says. "So it was a question: Can we really do this?"

Today, they have their answer: Yes, happily. Tank Connection has since worked with over 10 employees on a phased retirement plan, and Goodnight plans to jump on the bandwagon herself within the next year.

Related: This Is the Key to the Retiree Lifestyle You Want — and the Income You Need

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