Retirement

Retirement is the period of a person’s life during which they choose to leave the workforce and cease working in their occupation, often due to age or achieving a certain financial status. It typically follows a long career of employment and is characterized by the shift from regular work activities to leisure or personal pursuits. Many people retire to enjoy increased free time, pursue hobbies, travel, or engage in volunteer activities.

Retirement can also involve financial considerations, such as the use of pensions, savings, or social security benefits that provide income after leaving work. The age at which individuals retire can vary based on personal choice, financial readiness, health, and legal regulations in different countries concerning retirement age.

Overall, retirement represents a significant transition in life, marking the end of formal work obligations and the beginning of a new phase that can be tailored to personal interests and lifestyle choices.