Retirement is the phase in a person’s life when they cease to work full-time or withdraw from their professional career, typically due to reaching a certain age or fulfilling certain service requirements. This transition often involves receiving pension benefits, savings, or social security, as individuals shift their focus from employment to leisure, personal interests, or volunteer activities. Retirement can also encompass a significant lifestyle change, as individuals may relocate, pursue hobbies, travel, or spend more time with family and friends. The concept of retirement varies across cultures and societies, with differing expectations and financial preparedness influencing the experience.
Retirement is not just about the money; it's about enjoying life to the fullest. If you have retirement savings exceeding $333,940, you are already ahead of the national average, according…