retirement annuity

USAGE SUMMARY

The phrase "retirement annuity" is correct and usable in written English.
It can be used when discussing financial products or plans that provide income after retirement. Example: "Many people choose to invest in a retirement annuity to ensure a steady income during their retirement years."

✓ Grammatically correct

News & Media

Academia

Human-verified examples from authoritative sources

Exact Expressions

23 human-written examples

He draws a retirement annuity of $33,544.

The New Yorker

an individual retirement annuity described in section 408(b).

Cornell University

L. 98 369, § 491(d)(21), substituted "or an individual retirement annuity" for ", individual retirement annuity, or a retirement bond".

Cornell University

L. 98 369, § 491(d)(23), substituted "or an individual retirement annuity" for ", individual retirement annuity, or retirement bond", and "or annuity" for ", annuity, or bond".

Cornell University

(2) United States Civil Service Commission - annuitants or applicants for retirement annuity, and such examinations of prospective appointees as may be requested.

Cornell University

Since locality pay counts in the calculation of a federal employee's retirement annuity, the higher pay in turn means an increase in that later benefit.

The Washington Post

Human-verified similar examples from authoritative sources

Similar Expressions

37 human-written examples

How Much Are Millennials Engaged in Retirement Annuities?

Yale University

New plans will allow to five million people to sell their retirement annuities for cash.

Independent

It is the world's largest insurer against property damage and the top provider of retirement annuities for schoolteachers and healthcare workers.

The Guardian - Business

The insurer, whose private equity backers floated the business in June at 385p a share, specialises in retirement annuities, said new business rose by 3% in the third quarter.

The Guardian - Business

But with bills pending in Congress to change the way retirement annuities are calculated, Swenson said he was convinced his earnings could soon be based on his highest five earning years instead of the highest three, as they are now.

The Washington Post

Expert writing Tips

Best practice

If you are talking about legacy planning and intergenerational wealth, you should mention how the 'retirement annuity' might affects heirs tax payments.

Common error

Avoid using "retirement annuity" interchangeably with general terms like "retirement plan" or "pension". A "retirement annuity" is a specific financial product, not a broad category.

Linguistic Context

The phrase "retirement annuity" functions primarily as a noun phrase. It identifies a specific type of financial product designed for retirement income. Ludwig shows how this phrase works in a sentence.

Expression frequency: Common

Frequent in

News & Media

40%

Academia

30%

Formal & Business

10%

Less common in

Encyclopedias

5%

Wiki

5%

Science

5%

Ludwig's WRAP-UP

The phrase "retirement annuity" is a commonly used and grammatically correct term referring to a specific type of financial product designed to provide income during retirement. As Ludwig AI confirms, it's suitable for use in formal and professional contexts, particularly in discussions about financial planning and retirement strategies. When using the phrase, it's essential to differentiate it from more general retirement savings terms, such as "retirement plan". Alternatives include "pension annuity" or "retirement income annuity", depending on the context. Understanding these nuances will allow for clear and precise communication regarding this specific retirement income tool.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

Pension annuity

This alternative specifically emphasizes the pension aspect of the annuity, implying it's derived from a pension plan.

Retirement income annuity

This alternative highlights the income-generating function of the annuity during retirement.

Retirement savings annuity

This alternative emphasizes that the annuity is funded by retirement savings.

Individual retirement annuity

This specifies that the annuity is held individually, rather than through an employer.

Annuity for retirement

This alternative reverses the word order, but retains the same meaning.

Retirement financial annuity

This alternative adds the 'financial' modifier to provide a more precise clarification of annuity.

Retirement plan annuity

Emphasizes that the annuity is part of a broader retirement plan.

Guaranteed retirement income

This alternative shifts the focus to the guaranteed income aspect of a retirement annuity.

Retirement investment annuity

This explicitly mentions the investment aspect of funding a retirement annuity.

Annuity income stream for retirement

This describes the annuity as a consistent flow of income specifically designed for retirement purposes.

FAQs

What is a "retirement annuity"?

A "retirement annuity" is a financial product that provides a guaranteed income stream during retirement. It's typically purchased with a lump sum of money and pays out regular payments over a set period or for the rest of the annuitant's life.

How does a "retirement annuity" differ from a traditional pension?

While both provide retirement income, a traditional pension is usually employer-sponsored, whereas a "retirement annuity" is purchased by an individual. Pensions often have fixed benefits, while annuity payouts can vary depending on the type of annuity.

What are some alternatives to a "retirement annuity"?

Instead of a "retirement annuity", you might consider other retirement income strategies like drawing down from a 401(k) or IRA, investing in dividend-paying stocks, or using a "reverse mortgage" depending on your financial situation.

Is a "retirement annuity" the same as a "pension annuity"?

The terms are often used interchangeably, but a "pension annuity" typically refers specifically to an annuity purchased with funds from a pension plan. A "retirement annuity" can be funded from various sources, not just pensions, as shown in Ludwig.