PRERETIREMENT Meaning and
Definition
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Preretirement is an adjective that refers to the period or stage occurring immediately before a person's retirement, typically from full-time employment. It describes the time leading up to the official retirement age when individuals often start planning for their retirement, making financial decisions, and considering lifestyle changes that will come with the transition.
During the preretirement phase, individuals may assess their financial situation, such as reviewing their savings, investments, and sources of income in order to ensure they have sufficient funds to support themselves and maintain their desired standard of living after retirement. This often involves consulting with financial advisors, engaging in retirement planning, and considering various pension options or investment plans.
Additionally, people in the preretirement period may begin to consider how they will spend their time and adapt to a new routine once they are no longer working full-time. This may involve exploring options for part-time work, engaging in hobbies or interests that they have deferred while working, or even contemplating a complete career change. Many individuals use this time to focus on their health and well-being, making necessary adjustments to ensure a smooth transition into retirement.
Overall, the preretirement phase is a pivotal time when individuals actively prepare for the changes and challenges they will face in retirement, both financially and personally.
Common Misspellings for PRERETIREMENT
- -pre-retirement
- pre-retirment
- oreretirement
- lreretirement
- -reretirement
- 0reretirement
- peeretirement
- pderetirement
- pferetirement
- pteretirement
- p5eretirement
- p4eretirement
- prwretirement
- prsretirement
- prdretirement
- prrretirement
- pr4retirement
- pr3retirement
- preeetirement
- predetirement
Etymology of PRERETIREMENT
The word "preretirement" is a compound word composed of two parts: "pre-" and "retirement".
The prefix "pre-" originates from the Latin word "prae", meaning "before" or "prior to". It is commonly used to indicate something that occurs before or in anticipation of another event or action.
The word "retirement" comes from the Middle French term "retirer", which means "to withdraw" or "to retreat". It was originally used in a military context to describe soldiers who were removed from active service. Over time, "retirement" has come to refer to the act of leaving one's job or occupation, typically after reaching a certain age or fulfilling specific conditions.
Therefore, "preretirement" is a term coined to describe the period or activities that take place before retirement, highlighting the transition phase leading up to one's permanent retirement from work.
