Retirement

Retirement is the point in life when a person stops working and begins to enjoy the fruits of their labor. It is a period of life when a person can enjoy the freedom of not having to work and can focus on leisure activities, hobbies, and spending time with family and friends. Retirement is typically associated with older age, but it can also be achieved at any age depending on the individual’s financial situation. Retirement planning is an important part of financial planning, as it helps individuals to plan for their future and ensure they have enough money to live comfortably in their later years.

History of Retirement

Retirement has been around since ancient times, with the first recorded retirement being in the Roman Empire. Retirement was seen as a way to reward loyal and hardworking citizens, and it was seen as a sign of respect. In the Middle Ages, retirement was seen as a way to reward those who had served in the military or in government positions. In the 19th century, retirement began to be seen as a way to reward those who had worked hard in their careers and had reached a certain age. In the 20th century, retirement became more common as people began to live longer and the concept of retirement savings plans became more popular.

Retirement Comparison Table

Summary

Retirement is an important part of life, and it is important to plan for it. Retirement planning involves saving money, investing in retirement accounts, and understanding the different retirement benefits available. Retirement can be achieved at any age, depending on the individual’s financial situation. For more information on retirement, visit websites such as the Social Security Administration, the Internal Revenue Service, and the Department of Labor.

See Also

• Social Security
• 401(k)
• IRA
• Pension
• Investing
• Financial Planning
• Medicare
• Taxes
• Savings
• Budgeting

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