Retirement

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Retirement

 

(1) In prerevolutionary Russia from the 18th century, the term “retirement” referred in the broad sense to any separation from military or civilian state service, including retirement upon the request of the person separated. Compulsory retirement could be effected by a court decision or by administrative order.

(2) A form of separation of officers, generals, and admirals from military service in the Soviet armed forces. According to the Law on Universal Military Obligation of 1967, officers, generals, admirals, marshals of the combat arms, and admirals of the fleet who have reached the maximum age for the reserves or who have been separated from military service for reasons of health are removed from the military rolls and placed in retirement. A person’s right to wear the military uniform with insignias is specified in the separation order.

(3) In the practice of bourgeois states, the government or the chief executives (for instance, the president of the USA) are said to retire if they resign their position because of a vote of no confidence, censure, or disagreements within the government.

What does it mean when you dream about retirement?

Retirement dreams represent the end of one’s contribution and value to the workplace, as well as an end to doing what others dictate and becoming one’s own boss.

References in periodicals archive ?
As you can see, retirement calculators provide a valuable service, enabling pre-retirees to make informed decisions about working, saving, and spending.
If the retirement calculators say we'll make 6 percent or 7 percent, and people saved based on that but only make 3 percent, they're going to have a massive shortfall," he said.
Corporate Insight analyzed the retirement calculators of 12 financial institutions-six of them retirement plan recordkeepers and six not-and despite inputting the same data points for each, found exceptionally different results.
Typically, retirement calculators help you compute how much you will have at retirement age given assumptions on the funds you have to start with, the amount you can periodically add, the years till you retire and the rate of investment.
There are plenty of retirement calculators available, including one at Bankrate.
Such sites contain information, guides and even retirement calculators.
In addition, it includes a latest news section, retirement calculators, links to forms, pages designed for plan participants, plan sponsors and plan coordinators and latest fund information, including a market ticker.
There are interactive retirement calculators provided at these sites and the EBRI-ASEC group has also produced a "Ballpark Estimate" brochure to help public employees calculate their retirement savings requirements.
Encourage clients to check out IALC retirement calculators and start thinking about what they can do maximize what they'll enjoy about retirement and minimize what they'll miss.
According to research published in "The Financial Analysts Journal," most retirement calculators cheat investors out of at least six years of retirement income by using inefficient drawdown strategies.
Advisers have long been aware of the distinction between education and advice, but as we note in "Staying Within Bounds", the Department of Labor (DOL)'s new fiduciary rule underscores the importance of using retirement calculators and retirement income projections to convey general information only and not specific advice.
A recent study of 12 online retirement calculators by Corporate Insight found monthly income projections by these calculators varied 60 percent.

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