What is 'Retirement'?

Retirement is when a person chooses to leave the workforce. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Term of the Day | INVESTOPEDIA Retirement Retirement is when a person chooses to leave the workforce. The concept of full retirement – being able to permanently leave the workforce later in life – is relatively new, and for the most part only culturally widespread in first-world countries. Many developed countries have some type of national pension or benefits system (i.e. the United States' Social Security system) to help supplement retirees' incomes. Breaking it Down: Dramatic advances in healthcare have extended the lives of people in, predominantly... Read More » Term of the Day Selected By Michael Sedlak Founder, Principal Golden Trail Advisers LLC | Burr Ridge, IL http://www.golden-trail.com/ Related to "Retirement" How to Build Your Own Retirement Plan A step-by-step guide to planning for your retirement. The sooner you start, the easier it will be to build the cushion you need in your post-work years. Read More » How should my wife and I begin saving for retirement at 51 years old? To start saving for retirement, first, you should figure out how much you need to live on in retirement. Then, you can determine the amount you would need to save each year. Read More » Starting a Retirement Fund: How to Start Saving The most important part of a retirement fund is to simply start doing it. Learn about the problems, risks, and how to start saving for retirement. Read More » Related Definitions Retirement Planning Retirement planning is the process of determining retirement income goals and the actions and decisions necessary to achieve those goals. Read More » Forced Retirement Forced retirement is the involuntary ending of one's career because of a layoff, health problems or disability. Read More » Post-Retirement Risk Post-retirement risk are the potential unforeseen damage to financial security that a retired individual could encounter. Read More » Pension Plan A pension plan is a retirement plan that requires an employer to make contributions into a pool of funds set aside for a worker's future benefit. Read More » CONNECT WITH INVESTOPEDIA Email sent to: mondemand.forex@blogger.com If you wish to unsubscribe, please click here, or manage subscriptions 114 West 41st St, floor 8 New York NY 10036 © 2019, Investopedia, LLC, All Rights Reserved | Privacy Policy