Orange-coloured American advertising one retirement option? (7)
I believe the answer is:
apricot
'orange-coloured' is the definition.
'american advertising one retirement option?' is the wordplay.
'american' becomes 'a' (common abbreviation - e.g. in organisation names).
'advertising' becomes 'PR' (public relations).
'one' becomes 'I' (Roman numeral).
'retirement option?' becomes 'cot' (as in retiring to bed).
'a'+'pr'+'i'+'cot'='APRICOT'
(Other definitions for apricot that I've seen before include "Yellow fruit" , "Yellowish fruit like a small peach" , "Stoned fruit" , "Orange fruit" , "Fruit from a tropic" .)