Single-Premium Deferred Annuity - SPDA

Single-Premium Deferred Annuity - SPDA
A type of annuity contract that is established with a single lump-sum payment by the owner. The annuity then grows on a tax-deferred basis until annuitization. Single-Premium Deferred Annuities (SPDA) can be either fixed or variable, and distributions are only taxed when you take them. There is no investment limits regarding how much you wish to invest in a SPDA.

Single Premium Deferred Annuities (SPDA) differ from immediate contracts in that they grow tax-deferred for a period of time before annuitization. They also differ from flexible-premium contracts where the investor makes multiple payments into the contract over a period of time while the assets grow. SPDA is appropriate for investors who need steady income and have a lump-sum balance to invest.

Investment dictionary. . 2012.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • Single-Premium Deferred Annuity — ( SPDA) An IRA like annuity into which an investor makes a lump sum payment that is invested in either a fixed return instrument or a variable return portfolio, which is taxed only when distributions are taken. Bloomberg Financial Dictionary …   Financial and business terms

  • SPDA — single premium deferred annuity. * * * …   Universalium

  • SPDA — Single Premium Deferred Annuity (Business » Stock Exchange) …   Abbreviations dictionary

  • SPDA — single premium deferred annuity инвестиционный план (рента) с отсроченным налогообложением и разовой премией (США) …   Финансово-инвестиционный толковый словарь

  • SPDA — single premium deferred annuity …   Useful english dictionary

  • SPDA — See: Single Premium Deferred Annuity …   Financial and business terms

  • SPDA — abbr. Single Premium Deferred Annuity …   Dictionary of abbreviations

  • Navy Mutual Aid Association — is a nonprofit, federally tax exempt, mutual benefit Veterans Service Organization which was established in 1879 by sea service members for the purpose of providing financial protection to Navy, Marines, Coast Guard, National Oceanic and… …   Wikipedia

  • фиксированная премия — Сумма, выплачиваемая равными долями страховой компании за страхование ( insurance) или аннуитет ( annuity). См. также single premium deferred annuity (SPDA); single premium life insurance …   Финансово-инвестиционный толковый словарь

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”