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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A partial or complete loss of retirement plan benefits which may result when an employee owes money to his or her plan or receives benefits from another source. The Social Security Act includes a ...

Domain: Banking; Category: Savings

A qualified plan, usually part of a profit sharing or stock bonus plan, that gives an employee the option to contribute some of his/her salary to the plan. One example is a 401(k) plan. A participant ...

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

A term that refers to one investing with the intention of acquiring assets that are sufficient to meet or exceed liabilities in the present and future. A defined-benefit pension plan is the most well ...

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

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 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

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