Glossary
Finance
The Financial Glossary is your essential guide to understanding the financial terms and concepts that matter most to Baby Boomers. This glossary covers everything from retirement planning and investments to budgeting and estate management, offering clear and concise explanations tailored to the financial needs and goals of our generation. Whether you’re planning for the future, managing your current finances, or exploring new investment opportunities, this glossary provides the knowledge and tools you need to make informed decisions. Empower yourself with the information necessary to secure your financial well-being and navigate the complexities of today’s financial landscape.
Pension
A pension is a type of retirement plan that provides individuals with a regular income when they leave the workforce. Typically managed by employers or governments, pensions are funded through contributions made by either the individual, their employer, or both throughout their working life. The amount received during retirement usually depends on several factors including the individual’s earnings history, years of service, and age at retirement.
Philanthropy
Philanthropy refers to the act of promoting the welfare of others, typically through the donation of money, resources, or time to charitable causes. It is characterized by a desire to improve the quality of life for individuals or communities by supporting initiatives related to education, health, social issues, environment, and more. Philanthropy can be carried out by individuals, organizations, or businesses committed to making a positive difference in society.
