Retirement

Retirement is the phase of life when an individual permanently ceases to work, typically after reaching a certain age or after completing a designated period of employment. It often involves transitioning from a career to a stage where one can enjoy leisure activities, pursue hobbies, or engage in community involvement. Retirement usually comes with financial planning considerations, as individuals often rely on savings, pensions, or social security benefits to support themselves during this period. The age of retirement can vary by country and profession, and the decision to retire can be influenced by personal health, financial readiness, and lifestyle preferences.