Periodic payments

Periodic payments

A series of payments from an annuity, qualified retirement plan, or 403(b)(7) account made over a certain term of years. A payment from an IRA, even if over a period of years, is not considered a periodic payment for tax purposes.

Periodic Payments

Payments that an account holder makes to a retirement plan each month or year over a period of time. Periodic payments are normally made over the course of one's working life in preparation for withdrawals after retirement. Periodic payments are common for many annuities as well as a variety of retirement options, including IRA, 401(k), and 403(b) plans.