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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Collected Terms

A type of Individual Retirement Account (IRA) in which contributions are placed either in an interest-bearing bank account or an account with a brokerage. This type of IRA gives holders considerable ...

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

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

AVCs. In addition to regularly made contributions, these are extra contributions paid by an employee into a pension plan. Employees tend to make additional contributions to save more money for ...

Domain: Banking; Category: Savings

A provision that allowed employees to receive their earned income credit as an advance in their paycheck throughout the year. The earned income credit is a refundable tax credit intended for ...

Domain: Banking; Category: Savings

A retirement plan option that allows an employee to set aside assets before retirement as long as the contributions follow the delegated schedule and regulations set forth by the pension plan. This ...

Domain: Banking; Category: Savings

A readjustment of insurance and pension benefits due to changes in a company's financial reserves. Impacts may include an increased number of pensioners retiring early or the overall financial health ...

Domain: Banking; Category: Savings

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