Retirement Planning Terms

noun a document issued by a bank or financial institution to a depositor as evidence of a deposit, usually with a fixed term and interest rate

• I decided to invest in a certificate of deposit to earn a fixed interest rate over a specific period of time.
• I put some money into a CD to earn some extra cash.
• I stashed some cash in a certificate of deposit to let it grow.
• Investing in a certificate of deposit is like planting a seed that grows into a financial tree.

noun a sum of money saved for the future

• She diligently saved a portion of her income each month to build a nest egg for her retirement.
• He's been putting aside some money as a nest egg for a rainy day.
• I'm trying to grow my nest egg so I can eventually quit my job.
• The company's acquisition of another successful business became a valuable nest egg for future growth.

verb to withdraw from one's occupation or position, typically upon reaching a certain age or after a long period of service

• After working for 40 years, he finally decided to retire and enjoy his well-deserved rest.
• My dad is planning to retire next year and travel the world.
• I heard she's going to retire and live her best life in the Bahamas.
• It's time for me to retire my old ways and start fresh.

verb the act of leaving one's job or position, typically upon reaching a certain age or after a long career

adjective describes someone who is shy or reserved, especially in social situations

• After many years of dedicated service, she is finally retiring from her position as CEO.
• My neighbor is retiring next month and planning to travel the world.
• I heard Dave is finally hanging up his boots and retiring from the workforce.
• The old traditions are slowly retiring in favor of more modern practices.

noun a person who is older or retired, typically receiving a pension or social security benefits

• The senior citizen received a discount at the museum.
• The old person got a deal at the museum.
• The senior scored a sweet discount at the museum.
• The senior citizen was a treasure trove of wisdom.

noun The act of coming out of retirement and returning to work or activity

verb Not applicable

adjective Not applicable

adverb Not applicable

pronoun Not applicable

preposition Not applicable

conjunction Not applicable

interjection Not applicable

article Not applicable

• Many people are considering unretirement as a way to continue working in their later years.
• My neighbor decided on unretirement after realizing he missed the routine of going to work every day.
• I never thought my dad would do unretirement, but he got bored staying at home all day.
• The company's revival strategy involved unretirement of retired executives to bring new energy to the team.

noun a person who never tires or gives up easily

• The nevertiree worker diligently completed all tasks assigned to him.
• My neighbor is a nevertiree, always working on some project in his garage.
• I wish I had the energy of a nevertiree like my grandma.
• The sun seemed like a nevertiree, always shining brightly in the sky.

noun a blend of the words 'grey' and 'vacation', typically used to describe a vacation taken by older individuals or retirees

• Many people choose to take a greycation to unwind and recharge from their busy work schedules.
• I'm thinking of going on a greycation next month to just relax and take a break from everything.
• Let's plan a greycation and just chill out for a few days.
• Sometimes a greycation is exactly what you need to clear your mind and find some peace.