| 释义 |
tax-deferred 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.: TDAtax-deferred annuity
Tax-Deferred AnnuityA retirement plan in which an employee makes tax-deferred contributions from his/her pre-tax income. The employee is not taxed on the contribution until he/she begins to make withdrawals after retirement. Strictly speaking, a 401(k) is a tax-deferred annuity, but the term especially applies to a 403(b) plan, which is directed at teachers and employees of tax-exempt organizations, such as charities or churches.tax-deferred annuity See tax-sheltered annuity. |