Retirement benefits are financial rewards provided to individuals after they stop working, typically due to age. These benefits can come from various sources, including employer-sponsored plans like 401(k) or pension plans, as well as government programs such as Social Security. They help ensure that retirees have a stable income to cover living expenses. In addition to regular payments, retirement benefits may also include health insurance options, such as Medicare, which assists with medical costs. Planning for retirement benefits is essential for maintaining a comfortable lifestyle after leaving the workforce, allowing individuals to enjoy their later years without financial stress.