retirement

Retirement is the period in life when a person stops working regularly, usually due to age or health reasons. During this time, individuals typically rely on savings, pensions, or Social Security for income. The goal is to enjoy a period of rest and leisure after years of employment. Planning for retirement involves saving money throughout one's working years to ensure financial stability, healthcare, and lifestyle needs are met without the regular paycheck. It is an important stage that requires thoughtful preparation to maintain financial security and well-being.