Retirement Test
Definition of "Retirement test"
Requirement that a retired worker can have annual earnings of no more than a stipulated amount in order to receive a full retirement income under Social Security if under age 70. There is a reduction of $ 1 of every $3 earned in excess of that amount. Once the retired worker reaches age 70, that worker can earn any amount without a corresponding decrease in Social Security income.
Popular Insurance Terms
In life insurance, single payment instead of a series of installments. ...
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Assets that are not readily convertible into cash 'without a significant loss of principle, such as an automobile, a house, television set, a radio, etc. ...
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Risk associated with excessive rate of growth in premiums and contingencies such as affiliate company requirements. ...
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