We hear the word retirement as often as we hear the words, go to college, have a baby, get a decent job, and so on. It’s seen as a milestone in our lives, yet, most of us, including myself, have little understanding of what retirement really is.
The word re-tire-ment, by Google definition is “the action or fact of leaving one’s job and ceasing to work.” However, I like to believe it’s much more than that, it’s not the cease of work, it’s a lifestyle, it’s an investment, it’s a milestone! To help my find the answer, I scoured the internet, asked a few friends, and shared their answers here.
Here’s what people had to say: “It’s a lifestyle. Retirement is a state of mind. I think it means different things to different people: some people call themselves retired, and are still working.” said John Broomhall
“When you are financially secure to not have to work while pursuing activities of personal interest.” Robert Margetic
Ted Roosevelt said it best; “Do what you can, with what you have, where you are.”
If you’re getting my drift, then you’ll notice that the definition of retirement is what you define it as. Retirement is how you want to live when you don’t work at your company any longer. Sounds pretty nice doesn’t it. I believe that understanding what you want to do when you retire, will help you better understand how to achieve your retirement dreams. Sometimes when it’s so vague and we’re told to just save as much as possible, it’s really difficult to see the end result.
Today, I don’t ask you to know how much is in your retirement (which you should know anyways), but rather to ask yourself, “What does retirement mean to you? And how are you going to make that milestone happen?” Care to share your answers-we’d love to hear them!