retirement

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Retirement

Removal from circulation of stock or bonds that have been reacquired or redeemed.

Retirement

1. The act or process of causing a security to cease to exist. It especially applies to debt securities; when a bond for example matures is said to be retired. However, a stock or other security may also be retired if its issuer buys it back.

2. A situation in which one stops working in one's old age, or at least when one has saved enough money to last the remainder of one's life. Generally, retirement occurs after the age of 65, but this is not a hard-and-fast rule. Both governments and companies offer pensions, annuities, and other plans to provide for one's financial needs in retirement.

retirement

1. The disposal of a fixed asset at the end of its useful life. Retirement may result in a gain or loss, depending upon any compensation received for the asset and whether the asset is carried at a positive book value.
2. The voiding of a firm's own stock that has been reacquired and is being held as Treasury stock.

retirement

the termination of an individual's working career at a certain age with the expectation that he or she will no longer undertake paid employment. In the UK the normal retirement age for men has been 65 and for women 60. European law has a big effect on retirement benefits in the UK. For some time it has been required that men and women have the same pension rights in occupational schemes despite differing retirement ages, thereby meaning that women's benefits are more favourable than men's. The European Court of Justice has now ruled that benefits should be the same. This could mean that the retirement age for women will become 65. Another recent innovation, stemming from the Court, is that part-time workers can no longer be excluded from occupational pension schemes. Until recently many occupational pension schemes excluded part-time workers but the Court has ruled that since many part-time employees are female, exclusion could be a form of DISCRIMINATION.
References in periodicals archive ?
com retirement calculators and investment tools to help plan their retirement.
Retirement calculators address retirement age, income, and asset allocations.
The second part explains how to use retirement calculators, how to convert debt into retirement savings, what to expect from Social Security and retirement plans, growing and protecting retirement assets, and working after retirement.
One target of the economists' criticisms are popular online retirement calculators, which, they say, are at best crude tools for estimating savings and life insurance requirements.
One item I use on a regular basis is a set of digital retirement calculators posted by my group, the Indexed Annuity Leadership Council.
The educational articles, retirement planning tutorials, online saving and retirement calculators, videos and infographics on the site were all designed to help plan participants learn more about retirement planning while addressing answers to questions they may have.
There's also the retirement calculators, which I check from time to time just to make sure that I'm still on track.
There are scores of retirement calculators on the Internet that will quickly tell you, based on a series of assumptions, one of two things: the amount of money you will have accumulated at retirement if you make X amount of annual contributions or the amount of money you need to save annually in order to accumulate X amount of funds at retirement.
Provide online advisory services to enrollees to help them with their investment allocation decisions, Plans can otter online enrollment and provide educational tools, retirement calculators and transaction capabilities, such as changing investment allocations.
Articles, website tutorials, online saving and retirement calculators (which were recently touted as successful by the Employee Benefit Research Institute's "2013 Retirement Confidence Study") and a magazine style enrollment kit are all components of the site.
There are more than two dozen tools under home finance calculators, retirement calculators, personal finance calculators, investment calculators, and tax calculators.
Accountants and other finance professionals in government service will find retirement planning information at the Office of Personnel Management Web stop, including federal benefits data and retirement calculators.

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