The term "retirement purposes" refers to the intent or goal of saving money and investing it in order to have enough funds available for an individual's retirement. Full definition
Variable annuities are long - term investments designed for retirement purposes and may be subject to market fluctuations, investment risk and possible loss of principal. (morganstanley.com)
Variable annuities are long - term vehicles designed for retirement purposes and contain underlying investment portfolios that are subject to investment risk, including possible loss of the money you invest. (investor.vanguard.com)
In general, the Target Retirement Funds» investment program assumes funds will start being withdrawn for retirement purposes at age 65. (usaa.com)