Retirement

Retirement refers to the stage in a person’s life when they permanently leave the workforce and cease working for income, typically due to reaching a certain age or having fulfilled specific career obligations. It is often associated with financial planning, where individuals rely on savings, pensions, or social security benefits to support their lifestyle. Retirement can offer individuals the opportunity to pursue personal interests, hobbies, and leisure activities, allowing them to enjoy their time without the constraints of employment. The age at which people retire varies widely depending on cultural norms, individual preferences, and financial readiness. Retirement is a significant transition that can impact one’s identity, social connections, and daily routine.