Retirement

Retirement is the withdrawal from one’s position or occupation after reaching a certain age or after a period of employment. It marks a transition from active working life to a time of reduced or no professional responsibilities. During retirement, individuals typically begin to rely on savings, pensions, or social security benefits to support themselves financially, as they no longer earn a regular income from employment. This phase can involve various activities, such as leisure activities, travel, hobbies, volunteering, or spending time with family. Retirement can be influenced by factors such as financial readiness, personal health, and individual preferences regarding lifestyle and activities post-employment.