Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,899,645,121 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Qualifying Annuity
(redirected from Qualified Annuities)

     0.01 sec.
Qualifying annuity
An annuity allowable as investment for a qualified plan or trust.
Qualifying Annuity
An annuity that one buys along with one's employer. That is, the annuitant and his/her employer both make tax-deferred contributions to the plan for a certain period, with withdrawals coming upon retirement. If the annuitant begins withdrawals before a certain age, withdrawal penalties apply. One may continue to make contributions until a certain age, usually around 65.
qualifying annuity
An annuity approved by the Internal Revenue Service in which the contributions may be deducted from taxable income. The effect of contributing to a qualifying annuity is deferred taxes on the contributions from the time the contributions are made to the time any withdrawals are made. Qualifying annuities are used for individual retirement accounts, Keogh plans, and profit-sharing plans. Compare nonqualifying annuity.
Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link 		Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
 
Understanding of the pros and cons related with Annuities and other retirement plans means a good understanding of the difference in non-qualified and qualified annuities, tax advantages, insurance clauses and fees.
Annuity Pros & Cons by Brian Sibet / Insurance community
If all the requirements of the agreement are fully completed and fulfilled then the investment made to the qualified annuities are entirely or partly deductable from the taxable income.
Best Retirement Plans by ricardo richard / Hobbies community
This IRS guidance extends to owners of non-qualified annuities the same tax treatment to people receiving annuity payments from their qualified annuities," said Laurie Lewis, ACLI Vice President & and Chief Counsel, Federal Taxes.
Annuitants Gain Under New IRS Guidance; IRS Guidance Could Help ... by PR Newswire
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.