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.
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References in periodicals archive ?
Rules for retirement savings plans that allow tax deferral of wages being revised.
In addition, the limit that homebuyers can draw from their Registered Retirement Savings Plans has been increased by $10,000 to $35,000.
According to LIMRA, this year will likely see an increase in access to workplace retirement savings plans for private-sector employees.
First Mercantile Trust company provides niche services, including collective investment trusts (CIT's), directed trustee and custodian accounts, and recordkeeping services for employer-sponsored retirement savings plans.
Most Americans don't have enough savings to cover unexpected expenses, tempting many to make the costly mistake of raiding their workplace retirement savings plans. The need for emergency savings is so critical that it is a key feature of recently proposed bipartisan legislation, the "Strengthening Financial Security Through Short-Term Savings Act."
This program, which is in the pilot stage, would help small business owners provide retirement savings plans at no added cost to their business, thereby helping them compete with larger corporations that can afford the kind of robust employee benefits that help retain talented employees.
While many of our fellow Americans face retirement uncertainty, our ESOP provides peace of mind that simply can't be beat by other retirement savings plans.<br />But when it comes to preparing for retirement, WinCo isn't uniquethe many ESOP companies nationwide create jobs, generate economic activity, and promote retirement savings.<br />ESOPs havebeen foundto reduce wealth inequality, provide more stable employment than other businesses, pay better wages, and in the majority of cases, provide employees with an additional 401(k) or other similar plan.
For 2018, we plan to invest in our workforce by offering an additional one-time contribution to the Marriott International retirement savings plans. Structured as a $5-to-$1 company match of up to $1,000, the vast majority of participating associates should receive this incremental company contribution.
AN INQUIRY into how retirement savings plans which are common in countries such as the Netherlands and Denmark might work in the UK has been launched by MPs.
Another tax break popular with the middle class is in the cross hairs of Republicans in Congress: 401(k) retirement savings plans.
retirement system -- Social Security, employer-sponsored pension or retirement savings plans and individual savings -- have experienced dramatic changes over the past 40 years.

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