I actually think the whole concept of retirement is a bit stupid, so yes, I do want to do something else. There is this strange thing that just because chronologically on a Friday night you have reached a certain age… with all that experience, how can it be that on a Monday morning, you are useless?
Does “retirement” mean no more paycheck and collecting social security?
What if you don’t want to wait until you are in your 65 to “retire”?
When you have enough money to retire, whether you choose to stop working or not, you are financially independent. So, “saving and investing for retirement” typically means taking some of what you earn to invest so that you have more funds in the future from which you can withdraw to pay for lifestyle expenses, without relying on anyone else for support.
Use of Insurance
Retirement is different from being disabled, where you cannot work, for which you may buy disability insurance, and from early death, for which you can buy life insurance to help take care of your family.