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Normal Retirement Age (NRA) Definition
The normal retirement age (NRA) is the age at which people can receive full retirement benefits upon leaving the workforce.
Issue-age policy refers to healthcare insurance whose premium rate is dependent on the age of the individual who purchases it.
How Do I Calculate My Social Security Breakeven Age?
Learn why age plays an important role for receiving Social Security income and how calculating breakeven age can help make the decision on when to receive it.
What Is Attained Age?
Attained age is the age at which the beneficiary of an insurance policy, retirement plan or other aged-dependent plan, can get benefits or withdraw funds.
What Does "Full Retirement Age" Mean With Regard to Social Security?
Learn what full retirement age is and how Social Security benefits are calculated based on your age, how long you have worked, and how much you have earned.
Working-Age Population Definition
The working-age population in a region consists of those in a range of ages, typically 18-64 or 15-64, considered able and likely to work.
Baby Boomer Age Wave Theory Definition
The baby boomer age wave theory says that the markets and consumer spending would decline once the baby-boom generation surpassed age 50.
Age Discrimination in Employment Act of 1967 Definition
The Age Discrimination in Employment Act of 1967 is a U.S. statute that protects certain workers 40 years old and older from workplace discrimination.
Average Age of Inventory Definition
The average age of inventory is the average number of days it takes for a firm to sell off inventory.
Actuarial Age Definition
Actuarial Age is an individual's life expectancy based on calculations and statistical modeling.