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 ?
The conventional guideline for retirement investing has been to subtract your age from 100 and let the sum serve as the percentage of your portfolio you should hold in equities.
And, as pension plans and other retirement portfolios switch from buying stocks to selling them, stock prices will decline for years, trillions of dollars of phantom wealth will vanish, and a depression could result.
There is a better way: Let those whose retirements are already assured stay outside the system.
The Board grants credit under its retirement plan to newly hired employees with previous CSRS and FERS service if the employee renounces benefits under the previous retirement plan (to prevent dual credit).
The building's withdrawal from business use constituted an abnormal retirement caused by unexpected and extraordinary obsolescence.
Administrative and programmatic staff at the State office level will be impacted with 21 retirements, i.e., 1987-1990 (n=6); 1991-1994 (n=5); and 1995-1999 (n=10).
Now in his early 30s, he has become a contracted partner with Allstate Financial to help not only ballplayers, but also the clients of Allstate exclusive agents to prepare for retirement.
Although the report cited a net positive result from raising the retirement age, it also pointed out that changes in the NRA (currently 65, but increasing to 67 by 2022) and the EEA (62) could have some negative consequences as well.
While 65 has been the Social Security retirement age since 1935, average life expectancy for 65-year-olds has increased from about 13 years in 1935 to 17.5 years today.
In the financial vernacular, forseeable expenses required by our eventual retirement, but which we can pay for with the money we have put away now, are our funded liabilities.
Keep several rules in mind when committing to a program of retirement planning and investing.
They aren't as interested in work or contributing to society and are less willing to risk feeling stressed in retirement. They saved an average of 23 years and spend their time on travel and other recreational activities.