annuity
Lifetime payment plan
An annuity is a financial product that pays out a fixed sum at regular intervals, typically monthly, for a specified period or for life.
Insurance companies sell annuities as retirement income vehicles: She converted her savings into an annuity to guarantee income through her eighties.
The term also applies to any series of equal periodic payments.
Added cost for better
- policyholderOwner of insurance contract
- underwritingRisk evaluation and acceptance
- actuaryFinancial risk analyst
- coverageExtent of inclusion
beneficiary · insurer · rider · contract · guarantee · exclusion · terms · conditions
Retiree's ongoing benefit
- 401kEmployer-sponsored retirement savings
- IRATax-advantaged retirement fund
- RothIRA permitting tax-free withdrawals
- nest eggSaved money for later
Social Security · retiree · golden years · retirement income · drawdown · retirement planning · decumulation · vesting
Money given for obligations
- distributionsActs of parceling out
- disbursementsPayments made from funds
- fixed incomeStable recurring revenue
- guaranteed incomePayment promised without condition
installment · monthly payment · quarterly payment · payout · income stream · cashflow · stipend · yield
Happening without delay
- deferredSet aside until later
- fixedRestored or immovable
- variableProne to fluctuation
- indexedEntered into a reference system
lifetime · joint · survivorship · qualified · non-qualified · longevity · charitable gift
Deploying capital for returns
- principalChief school administrator
- compound interestReturns on reinvested earnings
- tax-deferredTaxes owed later, not now
- growthIncrease in size
appreciation · fees · commissions · liquidity · inflation protection · cost-of-living adjustment · rate of return · market risk
premium
Added cost for better
- policyholderOwner of insurance contract
- underwritingRisk evaluation and acceptance
- actuaryFinancial risk analyst
coverage · beneficiary · insurer · rider · contract · guarantee · exclusion · terms · conditions · payout
pension
Retiree's ongoing benefit
- 401kEmployer-sponsored retirement savings
- IRATax-advantaged retirement fund
- RothIRA permitting tax-free withdrawals
nest egg · Social Security · retiree · golden years · retirement income · drawdown · retirement planning · decumulation · vesting · contribution
payments
Money given for obligations
- distributionsActs of parceling out
- disbursementsPayments made from funds
- fixed incomeStable recurring revenue
guaranteed income · installment · monthly payment · quarterly payment · payout · income stream · cashflow · stipend · yield · return
immediate
Happening without delay
indexed · lifetime · joint · survivorship · qualified · non-qualified · longevity · charitable gift
investment
Deploying capital for returns
- principalChief school administrator
- compound interestReturns on reinvested earnings
- tax-deferredTaxes owed later, not now
growth · appreciation · fees · commissions · liquidity · inflation protection · cost-of-living adjustment · rate of return · market risk · participation rate
- actuarial termsmortality rate, life expectancy, survival rate, death rate, radix
- financesmoney, affluence, cash, bankrupt, income
- assetsproperty, cash, money, investments, bank accounts
- financial termswealth, asset, currency, balance sheet, audit
- personal financesavings, income, credit, investments, bills
- benefitsadvantage, healthcare coverage, dental insurance, benefit, health screening
annuitylump sum
Entire amount at once
single payment · one-time payment · balloon payment · windfall · buyout
annuityspeculative investment
Money risked hoping for gain
stock options · venture capital · gambling · penny stocks · cryptocurrency
- retirement annuityRegular payments after work ends