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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