Retirement

Retirement refers to the period in an individual’s life when they permanently leave the workforce and cease working for pay. This transition typically occurs when a person reaches a certain age or after accumulating sufficient financial resources to support themselves without regular employment income. Retirement can involve various activities, including leisure, travel, volunteer work, and spending time with family and friends. It often requires planning for financial stability, including savings, pensions, and investments, to ensure a comfortable lifestyle post-employment. The concept of retirement varies across cultures and may be influenced by factors such as social security systems, economic conditions, and personal health.