retirement

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Related to retirement account: Investment Retirement Account

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 ?
Importantly, there is not likely to be any significant difference in the annuity rate being offered between a Retirement Account annuity and one of our stand-alone products, making this an easy choice because of the in-built flexibility.
Since the economic crisis of 2008 and the recent "bank holiday" in Greece, more investors have become cautious about keeping their money in the bank or stock market and have sought greater protection for their savings that traditional retirement accounts don't offer.
To further illustrate the value of making voluntary contributions, here is the total payoff if you annually invest an additional $2,000 per year into your retirement account (we assume the $2,000 IRA contribution is made at the end of the year).
8220;We saw the increase in the number of individuals who were expressing an interest in gold-backed IRAs and knew there was a need for a division which focused specifically on retirement accounts of this kind,” stated Mr.
Utilizing a retirement account for funding a business can be incredibly risky," says Jefferies.
Super Tax Planning Strategies for Individual Clients' Retirement Accounts (# 731285JA).
Tax efficiency is more likely to be a factor in funds holding stocks and other equity instruments, not when selecting mutual fund investments in retirement accounts like Sec.
Retirement account planning is imperative for single individuals.
Before dipping into your retirement account for cash, explore alternatives, the Financial Planning Association, Denver, Colo.
Now you can even get an eco-friendly retirement account through a mainstream financial planner.
Numerous proposals circulating on Capitol Hill would move toward a system of true saving, where a portion of a worker's taxes would go directly into a personal retirement account that the worker owns, invests, and earns interest on.
Compensation for serving on a board of directors, even if you are also an employee of the company (if the compensation is sufficiently segregated from your wage income), may enable you to contribute to a tax-deferred retirement account and receive a current income tax deduction for the amount contributed.