Semiretirement is a term used to describe a phase in life where a person reduces their working hours and transitions into a more relaxed lifestyle. Some synonyms for semiretirement include partial retirement, phased retirement, and retirement-lite. "Flexible retirement" is another term that can be used to describe this stage, where an individual has a degree of choice in their working hours and reduces their workload in a gradual manner. Other related terms include "downshifting," which refers to a reduction in work responsibilities, and "semi-withdrawal," which describes a person's decision to step back from their career without fully retiring. Whatever the term used, semiretirement offers a balance between work and leisure, allowing individuals to enjoy their golden years to the fullest.