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- Dictionaryretirement/rɪˈtʌɪəm(ə)nt/
noun
- 1. the action or fact of leaving one's job and ceasing to work: "a man nearing retirement" Similar
- 2. the withdrawal of a jury from the courtroom to decide their verdict.
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retirement: [noun] an act of retiring : the state of being retired. withdrawal from one's position or occupation or from active working life. the age at which one normally retires.
RETIREMENT definition: 1. the act of leaving your job and stopping working, usually because you are old: 2. the period in…. Learn more.
- Definition and Examples of Retirement
- How Does Retirement Work?
- How Much Does Retirement Cost?
- Alternatives to Retirement
Retirement in a general sense is the time of life when you no longer need to work to live comfortably, and can rely on savings or passive forms of income to fund your lifestyle. Retirement and the term “financial independence” are often used interchangeably. Both are achieved when you have enough combined savings, investment income, and/or pension ...
Retirement is a relatively new concept that has come about as life expectancy has increased. Little more than a century ago, the idea of retirement did not exist. Our modern-day concept of retirement developed due to a combination of increased life spans, the growing popularity of pension plans in certain sectors, and the onset of government-sponso...
There is no single dollar figure to cite that will work for everyone's retirement. Funding your retirement will depend on many factors, such as the age at which you plan to retire, your life expectancy (or how many years you will need to fund), and your projected cost of living during that time. This requires a personal financial assessment. To ach...
Spending your golden years traveling the world, or settling into a comfortable relaxed lifestyle without the need to work may be enticing prospects, but these models of retirement are not for everyone. In fact, retirement itself may not be for everyone, whether due to financial constraints, or simply a desire to keep working. One alternative is to ...
- Dana Anspach
Retirement definition: the act of retiring or of leaving one's job, career, or occupation permanently, usually because of age. See examples of RETIREMENT used in a sentence.
Jul 18, 2024 · Retirement: When a person chooses to leave the workforce. The concept of full retirement – being able to permanently leave the workforce in old age – is relatively new, and for the most part ...
- Julia Kagan
- 1 min
RETIREMENT meaning: 1. the act of leaving your job and stopping working, usually because you are old: 2. the period in…. Learn more.
Aug 24, 2023 · The full retirement age ranges from 66 years and 2 months to 66 years and 10 months for people born between 1955 and 1959. If you were born after 1960, your full retirement age increases to 67. Essentially, the government defines retirement as the age when you can claim full benefits. Uncle Sam doesn’t take your personal financial situation ...
