What can be a potential advantage of starting phased retirement early?

Starting phased retirement early can offer greater financial security before full retirement by allowing individuals to reduce their working hours while still receiving a portion of their income. This gradual approach helps individuals manage their cash flow needs as they transition into retirement, thereby providing a financial cushion that can alleviate stress related to adjusting to a reduced income. It enables retirees to start relying on a combination of earned income, savings, and other retirement benefits, ultimately contributing to a more stable financial situation leading up to full retirement. As a result, individuals can enjoy an improved quality of life and less financial strain during this critical transition period.