Home > Blossary: Retirement
Special terms with detailed definition help you to have a deep understanding of Retirement life.

Category: Other

21 Terms

Created by: zzcgood

Number of Blossarys: 7

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Adopted by Canadian authorities, this plan allows individuals to make tax-free withdrawals from their retirement accounts up to a total of $20,000 in maximum increments of $10,000 per year. The money ...

Domain: Banking; Category: Savings

A category of annuity distribution methods that determine payments from life expectancy charts. Two examples of life expectancy methods are the term certain method and the recalculation method. There ...

Domain: Banking; Category: Savings

A retirement plan developed for an employer by a bank or other financial institution. Such a plan might include profit sharing, stock bonuses, thrift arrangements, or defined pension benefits.

Domain: Banking; Category: Savings

Plan that is tied to a person's payments into Social Security. This amount will be used in calculating the total benefit that the individual will receive upon retirement. This amount could be reduced ...

Domain: Banking; Category: Savings

An option of a stock ownership or retirement plan offered by a company whereby the employee is allowed to gain the right to access benefits more rapidly than a traditional vesting plan.

Domain: Banking; Category: Savings

An individual who participates in a retirement plan sponsored either by his/her employer or, if self-employed, by himself or herself. A person would be considered an active participant if his/her ...

Domain: Banking; Category: Savings

Colloquial term for a sum of money or funds set aside for purposes like retirement, university tuitions, or to describe the overall wealth of an individual, family or entity. The phrase nest egg is ...

Domain: Banking; Category: Savings

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