Retirement

Retirement signifies the period in life when an individual ceases regular employment, typically due to age or voluntary choice. This transition involves withdrawing from the workforce and often involves a shift in focus towards personal interests, leisure activities, and decreased professional obligations. Retirement is generally associated with receiving pension benefits or income from investments accumulated during the working years, providing financial security during this phase. It's a major life event, often accompanied by both anticipation and adjustment.

Retirement meaning with examples

• After 40 years of dedicated service as a teacher, Ms. Johnson announced her Retirement, much to the sadness of her students. She planned to spend her time volunteering at the local library and traveling the world with her husband. Her financial advisor assured her that her pension and savings would comfortably support her during her golden years of retirement.
• For many, Retirement is a significant milestone. Following a successful career in engineering, John decided to embrace Retirement early. He decided that he needed a well-planned budget. He began renovating his lakeside cottage, looking forward to spending his days fishing and enjoying the tranquility of nature. The shift, however, was a significant adjustment to his lifestyle.
• The company offered early Retirement packages to its long-term employees as part of a restructuring plan. Several employees, facing this option, weighed the financial incentives against their desire to continue working. They considered the pros and cons of transitioning from a salaried position to a life of leisure. Many of them found the opportunity too tempting to pass up.
• The process of planning for Retirement often begins decades before the actual event. It involves saving a portion of one's income, choosing investments, and anticipating potential healthcare costs. With meticulous planning, a comfortable Retirement becomes a realistic goal, offering peace of mind about their financial security for their families and themselves.