Some people dream of leisure activities and relaxation during retirement, but others prefer to remain active through part-time work, volunteering and hobbies. Some people use their newfound freedom to travel or play golf... More » Business & Finance Financial Planning

Medical retirement refers to U.S. military personnel who retire from the service due to a medical condition that makes them unfit for duty, according to Nolo. Medical retirement pay is based on a person's years of servic... More » Government & Politics Social Services

According to the United States Department of Labor, creating and sticking to a plan to save money is the most important step in preparing for retirement. Successful retirement requires planning, commitment and stable fin... More » Business & Finance Financial Planning

Some people work after retirement out of financial necessity, while others work because they want to stay active and make contributions to society. Other people work after retirement to experience new opportunities. More » Business & Finance Financial Planning

Ways to have fun in retirement on a fixed income include volunteering, living in a college community and engaging in community activities. Engaging in certain money-saving behaviors can lead to additional perks, such as ... More » Business & Finance Financial Planning

A 401(k) is an employer-sponsored retirement plan that allows employees to put tax-deferred dollars into investment accounts to save for retirement, according to Your employer may make optional contri... More » Business & Finance Financial Planning

A 401(a) is a retirement plan mainly used by education and government industries for specific employees that has contribution levels and amounts set by the employer, according to Demand Media. Usually, the employee has n... More » Business & Finance Financial Planning