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 savings account established for a taxpayer as a way to encourage saving for retirement. The plan provides an additional tax credit for taxpayers under a certain income level, which is deposited ...

Domain: Banking; Category: Savings

A pension plan funded out of the employer's current income whenever funds are required by retiring employees or beneficiaries, rather than out of money put aside on a regular basis regardless of ...

Domain: Banking; Category: Savings

The deposits made by a marriage partner into the other partner's individual retirement account (IRA). In order to qualify, the income of the contributing spouse must be less than the account owner's, ...

Domain: Banking; Category: Savings

The transfer of a deceased person's remaining retirement assets to a surviving spouse. This may be done by simply transferring ownership of the retirement asset, or by transferring available funds to ...

Domain: Banking; Category: Savings

An arrangement in which an employer shares some of its profits with its employees. The compensation can be stocks, bonds, or cash, and can be immediate or deferred until retirement. Profit-sharing ...

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

A type of employer contribution to an employee retirement fund in which employee contributions up to a maximum limit are accompanied by identical, or at least proportional, contributions by the ...

Domain: Banking; Category: Savings

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