EARLY RETIREMENTS Meaning and
Definition
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Early retirements refer to the act of voluntarily leaving one's profession or occupation earlier than the typical retirement age. It is a decision made by individuals who choose to conclude their working career prematurely, often due to various factors such as financial stability, personal circumstances, or individual preferences. This form of retirement is chosen by individuals who believe they have accumulated sufficient savings or assets to sustain their desired lifestyle without continuing to work.
Early retirements can be influenced by a variety of factors, including a desire for more leisure time, pursuing personal interests, engaging in hobbies, or spending more time with family and loved ones. Moreover, health concerns or job dissatisfaction may also contribute to someone making the decision to retire early.
While early retirements can provide individuals with increased freedom and flexibility, they require careful financial planning to ensure sufficient income and assets throughout their retirement years. Considering the potential for increased longevity, individuals considering early retirement should evaluate their savings, investments, and retirement benefits to ensure that they will be financially secure.
Furthermore, early retirements can have implications for social security benefits, entitlements, and pensions, which may be affected by retiring before the designated retirement age. It is essential for individuals contemplating early retirement to thoroughly examine the potential advantages, disadvantages, and potential consequences of this decision, both financially and emotionally.
Common Misspellings for EARLY RETIREMENTS
- warly retirements
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- earky retirements
- earpy retirements
- earoy retirements
- earlt retirements
Etymology of EARLY RETIREMENTS
The etymology of the word "early retirements" can be traced back to the combination of two separate roots: "early" and "retirement".
1. Early: The word "early" originates from the Old English "earlic" or "ærlic", which means "occurring before the expected time" or "in the beginning". It is derived from the Proto-Germanic word "erlo", meaning "earlier" or "sooner".
2. Retirement: The term "retirement" comes from the French word "retraite", which means "withdrawal" or "retreat". It stems from the Old French verb "retraire", meaning "to withdraw". The concept of retirement can be traced back through various Latin and ancient languages to the Latin term "retrahere", which shares the same meaning of withdrawal.
