retire


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Retire

To extinguish a security, as in paying off a debt.

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.

retire (a debt)

To pay off a loan.
References in periodicals archive ?
Of those surveyed, the average expected retirement age was approximately 64 regardless of respondent's current age, and respondents were forced to retire on average approximately eight years earlier than expected.
With some smart planning you can retire in comfort and with peace of mind.
Deciding when to retire comes down to a question of whether a worker is better off taking 80% of the PIA at 62 or waiting to get 100% at 65.
In short, it will help you figure out how much you spend each year while you're working and estimate how that's likely to change after you retire.
I told my father seven months ago, Rusty's going to retire before he gets to 50 years old.
Example 4: Assume the same facts as in Example 3, except that B is a Canadian citizen who retires in the United States.
Many pilots who retire at age 60 work in some other capacity after retirement, resulting in a net positive for the federal government, versus the deficit Mr.
I think what most agencies are experiencing is that population all started working for the county at about the same age and now they are all getting ready to retire at about the same time.
adults 18 years of age or older, of whom 1,013 are not retired but plan to retire, and 406 are retired.
Pre-Retirees include respondents who expect to retire within five years.
provides a benefit to employees with the most seniority and highest pay to retire early, thus allowing districts to retain lower-paid employees or in some cases, not replace the employee.
It's a commitment to my husband I would retire at 55,'' said Lazz, who will be 54 in April.