Retired people, commonly referred to as retirees, are individuals who have stopped working and have exited the workforce permanently or temporarily, typically after reaching a specific age or fulfilling certain criteria associated with retirement. This phase in a person's life generally occurs after a long period of employment, during which they have been contributing to a pension or retirement savings plan.
Retired people often possess a wealth of knowledge and experience gained from their prior careers. They may have reached this stage through various means, such as achieving a certain age, meeting the required years of service, or attaining financial stability. Retirees may choose to leave the workforce to enjoy their lives, spend quality time with family and friends, pursue personal interests and hobbies, engage in volunteer work, travel, or simply relax and enjoy a leisurely lifestyle.
Retired people commonly experience changes in their financial situation, as their income typically transitions from employment to sources like pensions, annuities, social security benefits, or personal savings. The retirement phase also presents new challenges and opportunities, such as adapting to a different routine, adjusting to reduced income, and managing healthcare expenses.
Overall, retired people represent a diverse group of individuals who have reached a significant milestone in their lives, leaving the workforce behind and embarking on a new chapter of their journey that is typically rooted in personal fulfillment, leisure, and the pursuit of happiness.
