Carl Edwards' announcement that he will quit racing has shocked the world. The decision appears to be motivated by an incident involving another racer.

Before Edwards' announcement, rumors have been circulating for days that he did plan to leave the racing world, but his team, Joe Gibbs Racing, refused to confirm the speculations before his press conference. ESPN reported that Dale Earnhardt Jr.'s health issue partly influenced Edward's decision.

Earnhardt has been having health problems in connection with a concussion. In his press conference, Edwards told reporters that he wanted to stop racing while he is still healthy.

Los Angeles Times reported that Edwards' retirement comes just a few weeks after he nearly took home his first Cup championship. At the press conference, Joe Gibbs Racing confirmed that Xfinity Series champion Daniel Suarez will assume Edwards' place in the No. 19 Toyota.

Aside from Earnhardt's case, the crash that prevented Edwards from winning the Cup may have also played a role in his decision to leave Joe Gibbs Racing. He was so close to a podium finish, but the crash ended his bid for the cup.

Health is one of the many reasons that people want to retire. However, most people do so without planning for their life after retirement. Unlike Edwards whose net worth as a racer may have prepared him for easy retirement, most employees need to know the dos and don'ts of preparing for it.

If you don't have the net worth of a racer or a successful actress, it is important you save up for your retirement as soon as possible. Open a savings account solely for your retirement funds.

Do not solely rely on stocks and mutual funds. Make sure that you have a cash cushion for your retirement. For other retirement tips, Jobs & Hire previously reported about how to effectively save up for retirement with the help of financing concepts.