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 ?
Meanwhile, JPMorgan seems to be in a state of flux in terms of what to do with its plans to drop commissions in retirement accounts as part of its compliance with the new fiduciary standard.
Therefore, we will continue to offer traditional commission-based retirement accounts leveraging the Best Interest Contract (BIC) Exemption, as well as advisory solutions," the broker-dealer said in a memo sent to advisors in early-December, including those with Wells Fargo Financial Network, or FiNet, its independent channel.
This potential trap may be avoided by rolling over a portion of the retirement account while maintaining a portion of the account in the deceased spouse's name.
Any retiree depending on a defined contribution retirement account could be affected by an economic downturn, Polzer says.
The will allow him to leave him retirement accounts untouched for three more years
The most prudent choices are investing, putting money in college savings or retirement accounts or paying off debts.
Self-directed Individual Retirement Accounts have been around since the mid-1980s, but are growing in popularity as fears of dwindling Social Security checks and modest stock market returns prompt people to start looking elsewhere to grow their retirement portfolio.
An HSA program has two parts: a high-deductible health plan (which usually costs less than other health plans) and a tax-advantaged, portable savings account for payment of current medical expenses which builds like a medical individual retirement account (IRA).
Zobel also discusses the new Saver's Tax Credit which is designed to give a tax credit up to $1,000 to lower-income individuals for a $2,000 contribution made to a retirement account.
The beginning MRD for each retirement account is determined by the non-spouse beneficiary's age in the year after the account owner's death.
Taking money now from your retirement account to pay immediate bills is robbing your financial future.