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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In his new role, Mee will have responsibility for retirement plan business development, sales operations and communications.
Small business owners' interests in open MEPs are piqued over potentially lowering the costs to their organizations and lowering fees to employees in a workplace retirement plan offering, survey results show.
OKLAHOMA CITY Heritage Institutional Services has rebranded as Heritage Retirement Plan Advisors LLC.
Employers viewed the retirement plan as nothing more than a sideline, a hobby.
The current tax proposals "would reduce the tax rate on business income of these businesses, but would at the same time mean that many of those small-business owners would be penalized financially for making retirement plan contributions, and for establishing a workplace retirement plan for their workers," according to ARA.
To become eligible for this quantitative listing, advisers must complete the annual PLANADVISER Retirement Plan Adviser Survey, fielded each September.
* Your company's bylaws, which may contain specific references to a committee that has responsibility for the administration and/or investments of the company's retirement plans;
Tim Baker, president and CEO of RPSC, will join HA&W Benefit Advisors as director of retirement plan operations.
The study polled 565 employers that sponsor retirement plans, including 449 that worked with an advisor and 116 that did not, with retirement plan recordkeeping assets ranging from less than $1 million to as much as $75 million.
CDM, founded in 1998 and headquartered in Towson, MD, is a provider of open architecture retirement plan solutions, offering full service recordkeeping and expert administration to over 500 retirement plan clients.
The percentage of families with an individual account (IA) retirement plan from a current employer or a previous employer or an IRA/Keogh declined to 48.2 percent in 2013 from 50.4 percent in 2010.
There is currently $4.2 trillion held in retirement plans and about 727,000 retirement plans, yet 92 percent of those are under $5 million.

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