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What is Retirement?
•
The point where a person stops employment
completely
•
May come by way of age – 55, 60, 62, 65
•
Or forced early through physical disability
•
Some may semi-retire by reducing working
hours or engaging is less stressful work
•
For financial reasons (eg. No pension or Social
Security) many people continue working until
death in order to sustain themselves.
•
Greater wealth leads to earlier retirement