Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,899,538,820 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
?

Retirement Annuity

   Also found in: Dictionary/thesaurus, Medical, Wikipedia 0.01 sec.
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.


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?
 
A Individual pensions taken out prior to 1988 were in fact classed as retirement annuity contracts and had slightly different rules applying to them.
He or she will want to ensure that before you take the serious plunge of a long-lasting commitment to a retirement annuity you have considered all of the available choices and come up with the one that is just right for you; How flexible is my retirement date?
I HAVE two retirement annuity plans with NFU, one which would pay pounds 1,500 a year and the other pounds 300.
 
 
 
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.