Terms with Tag Retirement

  • Partners in Planning (PIP)Acronym,
    • Purchased by Investment Planning Counsel Inc. (IPC) in November 2010.
  • Partners in Planning Financial Services Ltd. (PIPFS)Company,
    • Purchased by Investment Planning Counsel Inc. (IPC) in November 2010.
  • Passive Income Definition,
    • Income coming in on a regular basis, with little or no maintenance.
  • Pension Definition,
    • A retirement plan where money is set aside over many years for an individual's retirement.
  • Present Value of an Annuity (PVA)Acronym,
    • Prudential Retirement Insurance and Annuity Company (PRIAC) Company,
      • Purchased Life Annuity (PLA)Acronym,
        • Qualified Pre-retirement Survivor Annuity (QPSA)Acronym, United States,
          • A death benefit where the spouse or beneficiary of a deceased employee receives annuity payments as compensation that would have otherwise been paid out during retirement.
          A US pension term.
        • Régime de Pensions du Canada (RPC)Company, Canada,
            French acronym for Canada Pension Plan.
          • Registered Pension Plan (RPP) Acronym, Canada,
            • Registered Retirement Consultant (RRC)Acronym,
              • Registered Retirement Income Fund (RRIF) Acronym, Canada, Important,
                • Registered Retirement Savings Plan (RRSP) Acronym, Canada, Very Important,
                  • A savings plan introduced by the federal government to encourage Canadians to save money for retirement. The investment and the interest earned on it is sheltered: it will not be taxed as long as it is left in the plan.
                  Tax deferred investment contribution used to reduce income tax.
                • Retirement and Survivors Disability Insurance (RSDI)Acronym,
                  • Retirement Income Fund (RIF)Acronym, Canada,
                      See Registered Retirement Income Fund (RRIF).
                    • Retroactive Annuity Starting Date (RASD)Acronym,
                      • Reverse Annuity Mortgage (RAM)Acronym, Important,
                        • Reverse Mortgage Loan (RML) Acronym, Very Important,
                          • A loan that allows an older homeowner to convert built-up equity into cash. The loan comes due when the owner dies, sells the house or moves out.
                        • Self-directed Retirement Savings Plan (SDRSP)Acronym, Important,
                          • Single Premium Deferred Annuity (SPDA) Acronym,
                            • A deferred annuity funded with a single payment.
                          • Single Premium Immediate Annuity (SPIA)Acronym, Important,
                            • Single Premium Variable Annuity (SPVA)Acronym,
                              • South East Edmonton Seniors Association (SEESA) Company, Edmonton, Alberta, Canada,
                                • Structured RRSP (STRP)Acronym,
                                    Registered Retirement Savings Plan offered by Standard Life Canada.
                                  • Supplemental Employee Retirement Plan (SERP)Acronym,
                                    • Supplemental Retirement Annuity (SRA)Acronym,
                                      • Tax Deferred Annuity (TDA) Acronym, Important,
                                        • A type of annuity where taxes are deferred until the annuitant decides to withdraw money from the annuity.
                                        More commonly known as a Tax Sheltered Annuity (TSA).
                                      • Tax Sheltered Annuity (TSA) Acronym, Important,
                                        • An arrangement where employees are given the option to make tax-deferred contributions to an annuity set up by their employer.
                                        See also Tax Deferred Annuity (TDA).
                                      • Tax-Free Savings Account (TFSA) Acronym, Canada, Important,
                                        • A savings account for Canadians where income earned is not taxed.
                                      • Tax-Free Savings Plan (TFSP)Acronym, Canada,
                                          Better known as a Tax-Free Savings Account (TFSA).
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