Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
1,724,060,220 visitors served.
forum mailing list For webmasters
?
New: Language forums
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Wraparound Annuity

    0.02 sec.
Wraparound annuity
An investment that allows the annuitant the choice of underlying investments tax-deferred.
wraparound annuity
An annuity contract in which the investor has a measure of control regarding the investments that are in the plan, and in which the income generated by those investments is sheltered from taxation until withdrawal. Tax deferral through a wraparound annuity is no longer permitted by the Internal Revenue Service.
Wraparound Annuity
An annuity contract allowing an investor some control over the underlying securities and assets. The funds in a wraparound annuity are tax-deferred until withdrawal. The IRS does not allow the purchase of a wraparound annuity if it is possible to purchase the same investments without a tax deferral. Therefore, a wraparound annuity is not a permitted tax avoidance vehicle.


How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Email
Feedback
Add definition
? Mentioned in
No references found
 
Financial browser? ? Full browser
 
 
Financial Dictionary
?

Disclaimer | Privacy policy | Feedback | Copyright © 2009 Farlex, Inc.
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. Terms of Use.