A "retiree" is a person who has stopped working because they have reached a certain age or have fulfilled the requirements for receiving retirement benefits. Full definition
Around eight years ago they suddenly became a hot investment, especially for retirees looking for a steady source of income. (moneysense.ca)
A lot of retirees who have a fixed income stream would benefit from a fixed mortgage because they know exactly what their monthly payment will be and for how long. (yourPFpro.com)
That's «the closest we can get to a risk - free portfolio, especially for retirees who need to retain the purchasing power of their assets,» he says. (janebryantquinn.com)