| 释义 |
Qualified Trust Qualified TrustAn annuity that one buys with personal contributions and contributions from one's employer. That is, the annuitant and the employer both make tax-deferred contributions to the plan for a certain period, with withdrawals coming upon retirement. If the annuitant begins withdrawals before a certain age, withdrawal penalties apply. One may continue to make contributions until a certain age, usually around 65. |