How is retirement best defined?

Question

Quizplus · Accepted Answer

Retirement is a self-described state involving withdrawal from full-time employment. While age 65 is traditionally the age at which retirement occurs, it can happen earlier or later based on personal circumstances and choices. Retirement does not necessarily mean a complete withdrawal from the workforce, as some may continue to work part-time or in a different capacity. It also does not signify a transition to frailty, as many retirees are healthy and active individuals.

How Is Retirement Best Defined