Periodic payments


Also found in: Legal.

Periodic payments

A series of payments from an annuity, qualified retirement plan, or 403(b)(7) account made over a certain term of years. A payment from an IRA, even if over a period of years, is not considered a periodic payment for tax purposes.

Periodic Payments

Payments that an account holder makes to a retirement plan each month or year over a period of time. Periodic payments are normally made over the course of one's working life in preparation for withdrawals after retirement. Periodic payments are common for many annuities as well as a variety of retirement options, including IRA, 401(k), and 403(b) plans.
References in periodicals archive ?
She went on to explain that the Finance Ministry had given assurances for periodic payments in the case of applications for payments by the managing authority of the "Environment" Operational Program.
Because structured settlement recipients sometimes have accident-related injuries that can reduce their life expectancy, medical underwriting can potentially increase their periodic payments.
6 million because the language of the contract clearly stated the periodic payments would cease upon Bernath's death.
For a detailed discussion of the issues in this area, see the article by Linda Burilovich and Andrew Burilovich, "Substantially Equal Periodic Payments from an IRA," in the October 2008 issue of The Tax Adviser.
If an insurance company factors periodic payments under an annuity it issued, this is not factoring, but rather, "commuting.
I welcome the introduction of periodic payments in appropriate circumstances as they ensure that justice is achieved for both parties," went on Mr Hunjan.
Payment schedules that consolidate more than two periodic payments and pay them in advance from the loan proceeds.
One of these exceptions applies if a taxpayer takes distributions that are part of a series of substantially equal periodic payments (made at least once a year) over the taxpayer's life expectancy or the joint life expectancies of the taxpayer and his or her beneficiary [Sec.
Any revenue loss to the federal government from a reduced interest rate would be more than offset by a gain in revenue because some EDA borrowers who had previously paid by check would stop making periodic payments in excess of their scheduled amount due.
Generally not pay or reimburse expenses incurred for services or items that would be covered by Medicare, except where Medicare is a secondary payer, or the contract makes per diem or other periodic payments without regard to reimbursement.
based diversified financial services firm specializing in the acquisition of structured settlements and lottery receivables, the court ruled that there was no provision in the applicable contracts that prohibited assignment of the periodic payments.