Retirement Annuity

An annuity one purchases to provide for oneself in retirement. In general, one purchases a retirement annuity well before retirement and makes contributions to it throughout one's working life. The contributions are invested on behalf of the annuitant, who begins to receive payments from the annuity after retirement. Many retirement annuities (especially those sponsored by an employer) are tax-deferred, meaning that the annuitant does not pay taxes on the funds in the pension until he/she begins making withdrawals. Annuities may have defined contributions, defined benefits, or both. See also: 401(k), IRA.

单词	retirement annuity
释义	DictionarySeeretirement accountMedicalSeeRSP Retirement Annuity Retirement Annuity An annuity one purchases to provide for oneself in retirement. In general, one purchases a retirement annuity well before retirement and makes contributions to it throughout one's working life. The contributions are invested on behalf of the annuitant, who begins to receive payments from the annuity after retirement. Many retirement annuities (especially those sponsored by an employer) are tax-deferred, meaning that the annuitant does not pay taxes on the funds in the pension until he/she begins making withdrawals. Annuities may have defined contributions, defined benefits, or both. See also: 401(k), IRA.
随便看	water to your mill water transfer water transport institutions of higher learning water trap water-trap stomach water travel water treader water treatment water treatment plant water treatment plant operator water treatment works water tree water-tree retardant crosslinked polyethylene water trefoil water trumpet water tube water tube boiler water-tube boiler water-tube boilers water tunnel water tupelo water turbine water-turbine handpiece water turkey water tu tuyere