Early Retirement
Early retirement can be at any age, but is generally before the age (or tenure) needed for eligibility for support and funds from government or employer-provided sources. Thus, early-retirees rely on their own savings and investments to be initially self-supporting, until they start receiving such external support. Early retirement is also a euphemistic term for accepting termination of employment before retirement age as part of the employer's labor force rationalization. In this case, a monetary inducement may be involved.
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Famous quotes containing the words early and/or retirement:
“Probably more than youngsters at any age, early adolescents expect the adults they care about to demonstrate the virtues they want demonstrated. They also tend to expect adults they admire to be absolutely perfect. When adults disappoint them, they can be critical and intolerant.”
—The Lions Clubs International and the Quest Nation. The Surprising Years, I, ch.4 (1985)
“Adultery itself in its principle is many times nothing but a curious inquisition after, and envy of another man’s enclosed pleasures: and there have been many who refused fairer objects that they might ravish an enclosed woman from her retirement and single possessor.”
—Jeremy Taylor (1613–1667)