Retirement Planning

Definition of "Retirement planning"

Formal process of setting aside funds on a mathematical basis to provide deferred income benefits.

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Related Real Estate Glossary terms

Comprehensive Personal Liability Insurance

Coverage such as HOMEOWNERS INSURANCE POLICY SECTION II On an all risks basis for personal acts and ...

Operating Expenses

Those expenses incurred in association with managing an investment property, including repairs an ...

Fair Market Value

The amount that could be received on the sale of real estate when there exists a willing buyer and ...

Additional Living Expense Loss

Same as term: Additional Living Expense Insurance: coverage under a Homeowners, Condominium, and Re ...

Reformation

Correcting a mutual error in the original contract that did not property portray the intent of both ...

Turnaround Property

A deteriorated property that can be restored and sold for a gain. ...

Related Real Estate FAQ

What Is A Gated Community?

A gated community is a community of homes where you must pass through a security gate in order to en ...

What Is A Mortgage Insurance Premium (MIP)?

A mortgage insurance premium is a policy that insures the lender against loss if the homeowner defau ...

What Is A Treasury Index?

A treasury index is an index used to determine interest-rate changes for certain adjustable-rate mor ...

What Are The Benefits Of Liability Insurance?

General Liability Coverage includes: Bodily Injury Liability Coverage: Help protect you in case ...

What Is A Title?

A title is the right of property ownership. ...

What Are Prepayment Penalties?

A penalty fee charged for paying off a mortgage early, thus allowing banks to still make money off o ...

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