Retirement

Retirement is the phase in a person’s life when they choose to permanently leave the workforce or cease working full-time, typically due to reaching a certain age or achieving financial independence. It often involves transitioning from a career or job position to a period of leisure or pursuing other interests. Retirement can be a time for individuals to focus on personal pursuits, hobbies, travel, and spending time with family and friends, while also potentially engaging in part-time work, volunteering, or other fulfilling activities. Financial planning, including savings, pensions, and social security, is a crucial aspect of preparing for retirement to ensure a comfortable standard of living during this stage of life.