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Definition of «retirement»

The term retirement refers to the action or process of withdrawing from one's previous line of work, profession, or occupation. It is often associated with old age and the cessation of employment due to reaching a certain age or having reached an age when one can no longer continue in their career. However, it can also refer to the act of stopping or leaving something, such as a sport, hobby, or habit. Retirement is generally seen as a time for relaxation and leisure after years of hard work and dedication to one's profession.

Usage examples

  1. Planning for retirement: saving money, investing in retirement accounts, and setting financial goals.
  2. Retirement age: the age at which someone chooses to stop working and begin enjoying their life outside of the workforce.
  3. Retirement plans: various options available to individuals, such as pension plans, individual retirement accounts (IRAs), or 401(k)s.
  4. Early retirement: the decision to retire before reaching the standard retirement age, often due to financial independence or personal reasons.
  5. Retirement benefits: the financial compensation or rewards that individuals receive from their employer after retirement, including pensions or healthcare plans.
  6. Retirement community: a residential community specifically designed for senior citizens, providing facilities and services tailored to their needs and preferences.
  7. Retirement lifestyle: the way of living individuals adopt after retiring, which may involve traveling, pursuing hobbies, volunteering, or spending time with family and friends.
  8. Retirement income: the funds individuals receive in retirement, including pensions, Social Security benefits, or income generated from investments and savings.
  9. Retirement celebration: a gathering or event held to honor and commemorate someone's retirement, often involving colleagues, friends, and family members.
  10. Retirement planning advice: guidance and recommendations provided by financial advisors or retirement experts to help individuals make informed decisions about their post-work life.

Phrases with «retirement»

Sentences with «retirement»

  • Parents are not penalized for having significant savings in retirement plans or big houses. (HyllandCapital.com)
  • I try to find the best investment vehicles for people's savings to ensure they beat inflation for one thing, and have some funds for retirement for another. (everlastingdollars.com)
  • [Side note: I'm not touching any money in retirement accounts for this purpose. (thesumofsmallsteps.com)
  • (see all sentences)

See also

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