tax-deferred annuity

(redirected from Tax Deferred Annuity)
Also found in: Financial, Acronyms.
Related to Tax Deferred Annuity: Nonqualified annuity

tax′-deferred` annu′ity


n.
an annuity that enables one to purchase an insurance product that will earn interest, with the tax obligation deferred until withdrawals begin, usu. at retirement.
Abbr.: TDA
Mentioned in ?
References in periodicals archive ?
Among those could be guaranteed cash flow, removing liquid assets from a taxable estate, creating an economic cash flow for a charitable trust, washing the accumulated income tax liability from a tax deferred annuity, or avoiding a double taxation from Estate and IRD taxes on qualified retirement plan monies.
One plan allows contributions by the organization and a second that only provides for employees to make salary deferral contributions, commonly referred to as tax deferred annuity plans.
I can use a Section 1035 exchange to a contemporary contract that has a guaranteed minimum income benefit and that income benefit is doubled if they're admitted into a long-term care facility." Similarly, Armstrong cites a case in which he suggested the clients use a tax deferred annuity they currently owned and take payments for 10 years which could be linked directly to the LTCI company.
(1) A 403(b) plan is also referred to as a "tax sheltered annuity," or "TSA." Rather than "tax sheltered annuity," the Securities and Exchange Commission prefers the term "tax deferred annuity." Many companies now use the terms "tax deferred annuity" and "TDA," particularly when marketing variable annuities (see footnote 3, page 301, regarding licensing and prospectus requirements).