Tag: deferred

Years Certain Annuity

What is 'Years Certain Annuity' An insurance product that pays the holder a monthly income for a specified number of years. A...

Individual Retirement Account – IRA

DefinitionAn individual retirement account is a form of "individual retirement plan", provided by many financial institutions, that provides tax advantages for retirement savings in...

Immediate Payment Annuity

What is an 'Immediate Payment Annuity' An immediate payment annuity is an annuity contract that is purchased with a single lump-sum payment...
immediate beneficiary

Immediate Beneficiary

What is an immediate beneficiary An immediate beneficiary is a person or entity who receives benefits from a trust or other financial arrangement immediately, as...

Backlog

What is a 'Backlog' A backlog is a buildup of work that needs to be completed. The term "backlog" has a number...

Savings Incentive Match Plan For Employees Of Small Employers (SIMPLE)

What is 'Savings Incentive Match Plan For Employees Of Small Employers - SIMPLE' A retirement plan that may be established by employers,...

Qualifying Annuity

What is 'Qualifying Annuity' This type of annuity is similar to any other, except that it has been approved by the IRS...
qualified retirement plan

Qualified Retirement Plan

What is a qualified retirement plan A qualified retirement plan is a type of retirement savings plan that offers certain tax advantages to encourage employees...
Qualified Annuity

Qualified Annuity

When most people think about retirement planning, the first thing that comes to mind is saving for their golden years. But what about investing...

Variable Death Benefit

What is 'Variable Death Benefit' The amount paid to a decedent's beneficiary that is dependent on the performance of an investment account...

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