Description: Scheduled retirement is a retirement plan set for a specific date or age, allowing individuals to financially prepare for their transition to post-work life. This approach enables people to set clear and realistic goals about when they wish to stop working, facilitating personal financial planning. It often involves accumulating savings through pension plans, retirement savings accounts, and other investments. Scheduled retirement not only focuses on capital accumulation but also on creating a sustainable and fulfilling lifestyle after retirement. It is essential for individuals to assess their future financial needs, considering factors such as life expectancy, healthcare costs, and the cost of living in their area. This type of planning may also include passive income sources, such as rentals or investments, which can provide a steady income stream during retirement. In summary, scheduled retirement is a crucial strategy for ensuring a smooth and successful transition to a work-free life, allowing individuals to enjoy their golden years with financial peace of mind.
