| Deferred Annuity | |
 A type of annuity contract that delays payments of income, installments or a lump sum until the investor elects to receive them. This type of annuity has two main phases, the savings phase in which you invest money into the account, and the income phase in which the plan is converted into an annuity and payments are received. A deferred annuity can either be variable or fixed. |
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 Earnings on a deferred annuity account are taxed only upon withdrawal providing the annuity with a tax benefit. This type of annuity also provides a death benefit so that the beneficiary of the annuity are guaranteed the principal and the investment earnings. For example, an investor may choose to defer annuity payments until they retire. |
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 Anything But Ordinary: Calculating The Present And Future Value Of Annuities - Learn to calculate the present and future value of fixed payments required from you or owed to you. Passing the Buck: The Hidden Costs of Annuities - These may look like good retirement vehicles, but beware of fees buried in the fine print. Getting the Whole Story on Variable Annuities - Variable annuities are another way to save money tax-deferred - but don't jump in blindly! |
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