Retirement refers to the point in a person’s life when they choose to permanently leave the workforce and cease working, typically due to age or after reaching a certain period of employment. This decision can be voluntary or involuntary, often associated with the end of a career after years of employment. Retirement is frequently accompanied by the transition to a phase of life that may involve leisure activities, personal pursuits, travel, or volunteering, as individuals seek to enjoy the fruits of their labor. Financially, retirement usually relies on savings, pensions, or social security benefits to support an individual’s lifestyle after they stop earning a regular paycheck from employment. It is a significant life milestone and may also involve planning and preparation to ensure financial stability and a fulfilling post-employment life.
Financial Struggles Ahead As **Generation X** approaches retirement age, they confront a challenging financial landscape that contradicts their reputation for resilience and adaptability. Despite being celebrated for their independence, many…