Nancy began planning for her retirement at age 46.She decided that she would leave her job soon after she turned 62.Nancy's early preparation is important because retirement leads to a loss of

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Retirement leads to a loss of income and status, making it important for individuals to plan and save for their retirement years. While retirement may also result in a loss of benefits and cognitive stimulation, these factors are secondary to the loss of income and status that many individuals experience. Retirement may also impact an individual's level of intrinsic and extrinsic satisfaction, but this is not as significant as the financial and social implications of retirement.

Nancy Began Planning for Her Retirement at Age 46