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Bonds Enabling Annual Retirement Savings (BEARS) |
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Bonds Enabling Annual Retirement Savings (BEARS)Holders of BEARS receive the face value of bonds underlying call option, which are exercised by CUBS (an acronym for Calls Underwritten by Swanbrook). If the calls are exercised by CUBS, BEARS holders receive the total of the exercise price.Bonds Enabling Annual Retirement Savings (BEARS) Similar MatchesRegistered Retirement Savings Plan (RRSP)Registered Retirement Savings Plan (RRSP)Tax-sheltered retirement plan for Canadian citizens, much like an American IRA. RetirementRetirementRemoval from circulation of stock or bonds that have been reacquired or redeemed. Phased retirementPhased retirementThe arrangement of a personal pension plan in segments to enable the policy holder to take a pension in stages. The lump sum entitlement is also phased. The policy holder may elect to phase the purchase of an annuity or to phase income drawdown (see personal pension plan). Unfunded unapproved retirement benefits schemeUnfunded unapproved retirement benefits schemeAn unfunded occupational pension scheme that is not designed to be approved by the Pension Schemes Office. Normal retirementNormal retirementThe age or number of working years after which a pension plan beneficiary can retire and receive unreduced benefits immediately. Further Suggestionsindividual retirement accountEmployee Retirement Income Security Act (ERISA) Individual Retirement Account (IRA) Retirement Protection Act of 1994 Debt retirement normal retirement age early retirement retirement annuity contract (RAC) IRA (individual Retirement Account) normal retirement date retirement relief Employee Retirement Income Security Act Tax deferred retirement plans |
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