The meaning of DEFERRED COMPENSATION is current compensation (as wages or salary) deferred until a later time usually for the purpose of investment (as in a retirement plan).
Define deferred annuity. deferred annuity synonyms, deferred annuity pronunciation, deferred annuity translation, English dictionary definition of deferred annuity. n an annuity that commences not less than one year after the final purchase premium. Comp
Deferred annuities work by allowing individuals to invest money into the annuity, either as a lump sum or through regular contributions. The funds are then invested by the insurance company offering the annuity. Depending on the type of deferred annuity, the funds may be invested in fixed-income...
Even a well-caffeinated person with an advanced degree in math would have a hard time deciphering a 53-page contract called “Your Flexible Premium Indexed and Declared Interest Deferred Annuity Policy.” FromNew York Times Word of the Day...
An annuity in which the annuitant does not begin to receive payments until some future date. A deferred annuity has two phases: a savings phase and an income phase. During the savings phase, the annuitant places money into the annuity, which invests it on behalf of the annuitant. In the ...
In the last age … there were two sets of people, those who gave the wall, and those who took it; the peaceable and the quarrelsome.… Now it is fixed that every man keeps to the right; or, if one is taking the wall, another yields it, and it is never a dispute. ...
A Participant whose Before-Tax Contributions are limited during a Year by theDeferral Limitations, based on the Participant’s Initial SIP Deferral Election for such Year, may defer on a before-tax basis into the Plan, Compensation in excess of that permitted to be deferred pursuant to the ...
Payment of the Income Tax due on the income generated is delayed until payments start. A deferred annuity is used primarily by a person who does not want to receive payments until he or she is in a lower tax bracket, such as upon retirement. A refund annuity, sometimes called a cash ...
Deferred annuities often include adeath benefitcomponent. If the owner dies while the annuity is still in its accumulation (savings) phase, theirheirsmay receive some or all of the account's value. If the annuity has entered the payout (income) phase, however, the insurer may simply keep th...
Because a series of annuity due payments reflect a number of future cash inflows or outflows, the payer or recipient of the funds may wish to calculate the entire value of the annuity while factoring in thetime value of money. One can accomplish this by usingpresent valuecalculations. ...