Retired persons, also commonly referred to as retirees, are individuals who have reached the age of eligibility set by their respective country or organization, typically around 60 to 65 years old, and have chosen to withdraw from active employment or occupation. As they have dedicated a significant portion of their lives to working, retired persons have completed their professional careers and have ceased to participate in full-time employment.
Retirement often brings about a significant change in an individual's daily routine and lifestyle. It marks a transition from being financially dependent on earned income to relying on other sources of income, such as pensions, social security benefits, personal savings, investments, or other retirement plans. This period of life offers retirees the opportunity to pursue personal interests, hobbies, leisure activities, and spend quality time with family and friends.
Retired persons may choose to engage in part-time employment, consultancies, or volunteer work, depending on personal preferences and financial circumstances. This stage of life also presents retirees with the freedom to explore new interests or travel, as they are no longer bound by work responsibilities or time constraints.
While retirement can be a time of relaxation and enjoyment, it also requires careful financial planning to ensure a comfortable and financially secure future. Retired persons may face various challenges, including healthcare expenses, social isolation, or adapting to changes in income. Therefore, it is essential for retired individuals to engage in sound financial management, maintain social connections, and seek appropriate resources or assistance when necessary.
Overall, retired persons are recognized as individuals who have completed their working lives and are now in a period of life dedicated to personal enjoyment, relaxation, and pursuing one's passions outside the realms of full-time employment.
