What Is Retirement Planning? Steps, Stages, and What to Imagine

What Is Retirement Planning? Steps, Stages, and What to Imagine

What Is Retirement Planning? Retirement planning involves determining retirement income goals and what’s needed to achieve those goals. Retirement planning includes identifying income sources, sizing up expenses, implementing a savings program, and managing assets and risk. Future cash flows are estimated to gauge whether the retirement income goal is possible. You can start at any

Retract Definition

Retract Definition

What Is a Retract? To retract means to withdraw a bid, offer, or statement before any relevant party acts on the information provided. For example, it’s common practice in real estate transactions to provide a deposit showing the buyer’s intention to complete the transaction. This deposit is sometimes referred to as earnest money. If the buyer

Retractable Bond Definition

Retractable Bond Definition

What is Retractable Bond? Retractable bond, also known as variable-rate demand note, is a debt security that features a put option which allows the holder to force the issuer to redeem the bond before maturity at its face value. Key Takeaways Retractable bond, also known as variable-rate demand note, is a debt security that features

Retrocession: Definition, Varieties, Example, Criticisms

Retrocession: Definition, Varieties, Example, Criticisms

What Is Retrocession? Retrocession refers to kickbacks, trailer fees or finders fees that asset managers pay to advisers or distributors. These payments are often done discreetly and are not disclosed to clients, although they use client funds to pay the fees. Retrocession commission is a heavily criticized fee-sharing arrangement in the financial industry because money flows