Periodic payments


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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 ?
TVF understands that parties may receive periodic payments from an array of sources and due to varying circumstances, ranging from a personal injury settlement and state lottery earnings to personal injury lawsuits or casino jackpots.
10) The regulations provide separate timing rules depending upon whether payments are classified as periodic payments, nonperiodic payments, or termination payments.
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.
I welcome the introduction of periodic payments in appropriate circumstances as they ensure that justice is achieved for both parties," went on Mr Hunjan.
Avoidance of the penalty (but not taxes) is available if the owner takes substantial equal periodic payments over their life expectancy for at least five years.
Negative amortization, involving a payment schedule in which regular periodic payments cause the principal balance to increase.
This will reportedly see Kodak making periodic payments to Heidelberg over a two-year period should certain performance goals be achieved.
Enables periodic payments on homeequity loans that will allow consumers more flexibility to choose whether to make monthly or bimonthly payments on their home-equity loan.