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retirement
Definitions (2)
1. The period of a person's life during which he/she is no longer working, or the commencement of that period. The standard age for retirement in the United States is considered 65, although many individuals choose to retire earlier or later due to personal or financial reasons. After retirement, an individual's needs are usually funded through any combination of sources including a pension plan, a retirement acount such as a 401(k) plan, Social Security, and/or a savings account/nest egg.2. The disposal of a fixed asset at the end of its useful life.
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Nearby Terms
Popular 'Retirement' Terms
Mentioned in these terms
- non-qualified retirement plan
- debt retirement
- qualified retirement plan
- bonds enabling annual retirement savings (BEARS)
- Chartered Retirement Planning Counselor (CRPC)
- Retirement Equity Act of 1984
- retirement pension
- credit for qualified retirement savings contribution
- Chartered Retirement Plans Specialist (CRPS)



