Retirement Annuity


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Retirement Annuity

An annuity one purchases to provide for oneself in retirement. In general, one purchases a retirement annuity well before retirement and makes contributions to it throughout one's working life. The contributions are invested on behalf of the annuitant, who begins to receive payments from the annuity after retirement. Many retirement annuities (especially those sponsored by an employer) are tax-deferred, meaning that the annuitant does not pay taxes on the funds in the pension until he/she begins making withdrawals. Annuities may have defined contributions, defined benefits, or both. See also: 401(k), IRA.
References in periodicals archive ?
Moreover, the study found that retirement annuity laddering was the most effective strategy of those studied regardless of market conditions, topping the performance of other strategies during both good and bad markets.
It is now a requirement that a retirement annuity fund must be registered in Namibia under the Pension Funds Act of 1956.
The Fidelity Personal Retirement Annuity provides them with an additional option to save in a tax-efficient way.
The company's primary product is an individual retirement annuity and TIAA holds the dominant market share in the higher education sector.
Fitch's concerns include TIAA's product concentration in the very competitive, tax-advantaged, retirement annuity marketplace and the ever present, industry-wide exposure to unfavorable tax legislation.
The Variable Annuity Life Insurance Company ("VALIC"), American General's retirement annuity company, reported a 16 percent increase in second quarter operating earnings to $50 million on continued strong asset growth and improved net interest margins.
Life and retirement annuity products are written through Horace Mann Life Insurance Company.
Consumers have traditionally financed a college education, first car or home through a local bank; now as their financial needs mature, they can purchase a retirement annuity through their bank as well.
VALIC is a retirement annuity company rated "AAA" (Triple-A) by Duff & Phelps.
VALIC is a retirement annuity writer based in Houston with admitted assets of $19.
Growth opportunities will be pursued in all of the Company's businesses but there are particularly attractive growth avenues in the retirement annuity lines, which may require investments in technology and distribution.
The Variable Annuity Life Insurance Company (VALIC) is American General's Houston-based retirement annuity company.