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100 Words Every Retiree Should Know

May 14, 2026

100 Words Every Retiree Should Know

No. Item Definition
1. 401(k) employer retirement savings plan
2. advance directive future medical care instructions
3. annuity fixed yearly payment income
4. appointment scheduled meeting with doctor
5. arthritis joint inflammation causing pain
6. asset valuable thing you own
7. assisted living housing with daily support
8. beneficiary person receiving benefits or assets
9. benefits payments or advantages received
10. bereavement state of losing someone
11. bond loan investment paying interest
12. budget plan for spending money
13. cane stick used for support
14. caregiver person providing regular care
15. checkup routine medical examination
16. claim request for insurance payment
17. coinsurance shared percentage of costs
18. community group sharing a place
19. copay fixed medical payment
20. coverage protection provided by insurance
21. debt money owed to others
22. deductible amount paid before coverage
23. deduction amount subtracted for taxes
24. dementia decline in memory and thinking
25. diagnosis identification of a condition
26. dividend company payment to shareholders
27. dosage amount of medicine taken
28. eligibility qualification for a program
29. enrollment act of signing up
30. equity value owned in property
31. estate all property a person owns
32. executor person managing a will
33. exercise physical activity for fitness
34. fall risk chance of falling
35. fraud deception for financial gain
36. friendship close supportive relationship
37. grandparent parent of a parent
38. grief deep sorrow after loss
39. guardian person legally responsible for another
40. hearing aid device that improves hearing
41. heir person entitled to inherit
42. hobby activity done for pleasure
43. hospice care for terminal illness
44. identity theft stealing personal information
45. income money received regularly
46. independence ability to manage yourself
47. independent living housing with minimal assistance
48. inflation rising prices over time
49. inheritance money or property received
50. interest money earned on savings
51. lease contract to rent property
52. legacy lasting impact left behind
53. leisure free time for enjoyment
54. liability debt or legal obligation
55. living will medical wishes legal document
56. loneliness sadness from being alone
57. maintenance work keeping something functional
58. Medicare US health insurance for seniors
59. Medigap supplemental Medicare insurance
60. mortgage loan used to buy property
61. mutual fund pooled investment fund
62. notary official who verifies signatures
63. nursing home residential skilled care facility
64. out-of-pocket paid directly by you
65. pension regular income after retirement
66. pharmacy place dispensing medicines
67. policy insurance contract terms
68. portfolio collection of investments
69. premium insurance payment amount
70. prescription doctor’s order for medicine
71. probate legal process after death
72. purpose sense of meaning in life
73. referral doctor’s direction to specialist
74. respite short break from caregiving
75. retirement the time after leaving work
76. RMD required minimum retirement withdrawal
77. rollover moving retirement funds elsewhere
78. routine regular pattern of activities
79. safety freedom from danger
80. savings money set aside for later
81. scam dishonest scheme to cheat
82. screening test for possible disease
83. security freedom from financial worry
84. Social Security US government retirement benefits
85. specialist doctor focused on one area
86. symptom sign of illness
87. tax government charge on income
88. therapy treatment to improve health
89. title legal ownership of property
90. travel going to other places
91. trust legal arrangement holding assets
92. trustee person managing a trust
93. utilities essential home services
94. vaccination shot for disease protection
95. volunteering working without pay to help
96. walker frame used for support
97. widowhood state of having lost spouse
98. will legal document for after death
99. withdrawal taking money from account
100. withholding tax kept from payments
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