New Delhi, June 25 -- We've all heard of retirement-that long-anticipated moment when you finally hang up your boots. In recent times, the concept of a sabbatical has gained ground. Women have taken sabbaticals to care for newborns, while men and women looking to test the waters as entrepreneurs have done the same. A mini retirement is slightly different.

Unlike a sabbatical, a mini retirement is not just a one-off break. It can be longer, more frequent, and something you can actively plan for. Over the course of your career, you could take three or four such mini retirements. It's a structured escape from your 9-to-5 life. Tempting as it sounds, it comes at a cost-and we'll get to that shortly. First, what typically triggers a mini reti...