retirement

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Retirement

Removal from circulation of stock or bonds that have been reacquired or redeemed.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
References in periodicals archive ?
Corporate Insight analyzed the retirement calculators of 12 financial institutions-six of them retirement plan recordkeepers and six not-and despite inputting the same data points for each, found exceptionally different results.
Retirement calculators including www.scottishwidows.co.uk/retirement-planning/ can help you find out how much you will need and where to start.
Retirement calculators including www.scottishwidows.co.uk/retirement-planning/can help you find out how much you will need and where to start.
These are apparent in tools that help with long-range matters -- which may be of less relevance to older investors -- including retirement calculators and long-term financial planning tools, but also in tools that address current financial matters like household budgeting and online access to investment accounts.
There are many retirement calculators online that can tell you roughly how much you'll have to put aside every month to retire in comfortable fashion -- though obviously the definition of comfortable can vary.
Typically, retirement calculators help you compute how much you will have at retirement age given assumptions on the funds you have to start with, the amount you can periodically add, the years till you retire and the rate of investment.
There are plenty of retirement calculators available, including one at Bankrate.2.
In addition, it includes a latest news section, retirement calculators, links to forms, pages designed for plan participants, plan sponsors and plan coordinators and latest fund information, including a market ticker.
Moreover, those who did plan were more likely to rely on formal planning methods such as retirement calculators, retirement seminars, and financial experts, and less likely to rely on family/relatives or coworkers.
Retirement calculators such as the one at www.quicken.com/retirement/planner are a great tool for mapping out the financial side of the equation.
There are interactive retirement calculators provided at these sites and the EBRI-ASEC group has also produced a "Ballpark Estimate" brochure to help public employees calculate their retirement savings requirements.

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