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 ?
Distributions that are part of a qualified series of substantially equal periodic payments (SEPPs) made annually to the IRA owner are also exempt from the penalty.
the appellate court observed that neither that statute nor the legislative debates suggested that after an obligor's current support was terminated, the circuit court was restricted to the previous periodic payment amount in setting a new amount to satisfy the arrearage.
A new paragraph 409(7) Total of Base Periodic Payments is added in numerical order.
Structured Settlements and Periodic Payment Judgments is a complete reference work for attorneys, settlement planners, and insurance and annuity brokers.
In addition, this ruling provides guidance on what constitutes a reasonable interest rate to determine payments which satisfy the substantially equal periodic payment requirement.
The increase was primarily the result of the Company's acquisitions of periodic payment receivables which closed during the second and third quarters of 2001, and an incentive management fee earned during the third quarter of 2001.
The bill would also require that periodic statements disclose a date that reflects when the current outstanding balance would be paid off if the consumer chooses to pay only the minimum periodic payment required under the plan.
For lump-sum offers, they must make a downpayment of 20% of the amount of the offer with any application; for periodic payment offers, taxpayers must comply with their own proposed payment schedule while the offer is being considered.
Annuity--An annuity is a contract between an insurance company and an individual that generally guarantees lifetime income to the individual whose life the contract is based upon in return for either a lump sum or periodic payment to the insurance company.
The increase for both periods was primarily the result of the Company's acquisitions of periodic payment receivables which closed during the second and third quarters of 2001, and an incentive management fee earned during the third quarter of 2001.
Annuity: A regular periodic payment made by an insurance company to a policy holder for a specific period of time.
OTC Bulletin Board: DVLN) announced today that it has closed its second transaction involving the purchase of the equity interests in a securitized portfolio of periodic payment receivables with a face amount of approximately $252 million, subject to underlying indebtedness of approximately $127 million.