We consider ourselves retired because we don't work for somebody else. We don't punch a clock. We don't have a boss. But we also don't have a salary. We live off of our SS checks. We're frugal and live comfortably. We have no debts but also don't have new cars and the latest "toys". We both veterans and go the the VA for our medical care. We're doing better than many of our friends our own age.
But retirement is not without it's benefits. Friday, we will drive to the big city, take in a movie and go out to eat. Stop by Tractor Supply for some feed and supplies and Lowe's for some things we need at the farm. Our cows will be bellowing for us when we get home, wanting to know where we've been all day.
It is very much retirement when compared to rocking on the front porch waiting to die.
Again.
If you own the land, and you own the herd of cattle, sounds to me like you own a business and you are not retired at all.
I guess my definition of “retired” means not working at all, either for yourself or someone else.