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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 MatchesIRA (individual Retirement Account)IRA (individual Retirement Account)Savings programs available to individuals. The plans allow for a certain amount to be deposited each year. This money is not subject to income tax for that year or following years as long as it is not withdrawn. The money is taxed as withdrawn upon retirement, usually when the depositor is in a lower tax bracket. During the life of the account, the money may be put into various interest bearing investments. Securities dealers as well as banking institutions now offer IRA'S. Tax deferred retirement plansTax deferred retirement plansEmployer-sponsored and other plans that allow contributions and earnings to be made and accumulate tax-free until they are paid out as benefits. Registered Retirement Savings Plan (RRSP)Registered Retirement Savings Plan (RRSP)Tax-sheltered retirement plan for Canadian citizens, much like an American IRA. Employee Retirement Income Security Act (ERISA)Employee Retirement Income Security Act (ERISA)The law that regulates the operation of private pensions and benefit plans. RetirementRetirementRemoval from circulation of stock or bonds that have been reacquired or redeemed. Further SuggestionsNormal retirementIndividual Retirement Account (IRA) phased retirement normal retirement age normal retirement date Retirement Protection Act of 1994 retirement relief individual retirement account unfunded unapproved retirement benefits scheme early retirement retirement annuity contract (RAC) Debt retirement Employee Retirement Income Security Act |
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